Zoom2u Technologies reported a 19% revenue increase to $1.4 million in Q3 FY24, with Locate2u experiencing a 33% growth, while Zoom2u's revenue remained flat; the company achieved its first positive cash flow from operations since its IPO, despite an EBITDA loss of $156k, which improved by $659k from the previous year.
Significant management restructuring and the promotion of Steve Nagy to CTO are part of strategic efforts to refocus on growth and expand service offerings.
ASX Code: Z2U