Linius Technologies Limited (ASX: LNU), a pioneer in cloud-based solutions that transform video archives into immersive personalized viewer experiences through its Linius Media Solutions, has successfully secured AU$1,225,500 in funding from committed professional and sophisticated investors (Placement). FY23 showcased significant strides towards realizing profitability, with notable inroads made in the sports market through enduring collaborations spanning 15 sporting codes, 40 federations, and multiple geographies.
Noteworthy contracts with entities such as IMG Replay, Inverleigh Media, Cricket Australia, and A-Leagues underscored Linius' momentum. The recent foray into the lucrative US sports market, along with a robust 82% YoY upswing in cash receipts to AU$496,000, positions the Company optimally for FY24 triumphs. The funds injected will accelerate customer acquisition, deployment, and product enhancements, solidifying Linius' growth trajectory and profitability pursuit.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
