Link: https://links.sgx.com/1.0.0/corporate-announcements/MHRECTY29FNI2VBZ/6cd07b8dc6a64da87b5bd49b6521f20b7476ae87f40bc5942781082d4c8a21a1

Summary:

• Q3 revenue dropped 24% year-on-year to S$3.7 million, led by lower system sales and managed service contracts at Unifiedcomms and GlobeOSS.

• Net loss improved significantly to S$0.14 million, compared to S$4.35 million in Q3 2024, due to higher gross profit margins and absence of major fair value losses.

• Gross profit margins expanded to 62.2%, driven by a more favorable sales mix with increased managed service contributions.

• Operating costs fell by 67%, reflecting substantial reductions in technical support, distribution, and administrative expenses.

• EBITDA turned positive at S$0.15 million versus a loss last year, signaling improved underlying operational health.

• Nine-month net loss also narrowed to S$0.33 million, with continued focus on product innovation, market diversification, and disciplined cost management.