The company also achieved a 23% increase in Annual Recurring Revenue to $9.6 million, with significant cost savings of $0.46 million this quarter, and is progressing towards a target of positive free cash flow in Q4 FY24.

Sports Entertainment Group Limited reported a 24% increase in revenue from continuing operations to $31.0 million for the quarter ending 31 March 2024, with net cash inflows of $2.9 million, and has committed to reducing its debt to $20 million through payments to CBA, aligning with a three-year facility extension

RealWise Group Holdings has decided to convert its convertible note into ordinary shares of Vinyl Group Ltd, becoming its largest shareholder with a 34% holding by converting $6,955,413 at $0.04482 per share.

The company raised $2.5 million through a Convertible Note with Formue Nord A/S, extended its Telstra Product & Services Agreement by 15 months, and is focusing on expanding in LATAM and the USA,

The company also launched an upgraded website to serve as a gateway to its Digital Human platform, which now allows users to create and manage digital humans capable of conversing in over 60 languages, alongside improvements in user experience and expanded plugin framework for AI integrations.

The company also announced a licensing partnership with the NBA, aiming to expand its product line and sales opportunities in the USA, Australia, and New Zealand through September 2026.