NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-FLEXIROAM Sees Q4 FY2020 Revenue To Be Negatively Impacted By Coronavirus Outbreak

Published 30/03/2020, 08:26 pm
FRX
-

March 30 (Reuters) - FLEXIROAM Ltd FRX.AX :

* EXPECT REVENUE FOR Q4 FY2020 TO BE NEGATIVELY IMPACTED BY CORONAVIRUS OUTBREAK

* IMPACT OF CORONAVIRUS ON Q4 FY2020 IS LIKELY TO RESULT IN LOWER OVERALL GROWTH PERFORMANCE FOR FY2020

* PRIOR TO OUTBREAK, CO REGISTERED 83% COMPOUNDED ANNUAL GROWTH RATE FOR CUMULATIVE SUBSCRIBERS AS AT 31 DEC 2019

* MANAGING DIRECTOR TAKEN A 30% SALARY CUT & NON-EXECUTIVE DIRECTORS AGREED TO WAIVE THEIR FEES FROM 1ST APRIL ONWARDS

* UNLIKELY THAT THERE WILL BE DEMAND FOR CORE SERVICES IN NEXT THREE TO SIX MONTHS

* ALL NON-ESSENTIAL RECRUITMENT HALTED AND ALL DISCRETIONARY EXPENDITURES BEING REDUCED OR ELIMINATED

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.