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, including significant involvement with Telmex in Mexico.
Financially, Q3 saw a slight increase in ARR but decreases in revenue and gross profit, with a closing cash position improved by $1.55 million, despite higher cash usage due to a shortfall in expected sales.
ASX Code: FCT