BoD...focused/ determined25 Feb 2025 13:10
RNS end of December, Interim results. Highlighted a small loss, yet the BoD reacted swiftly and without bias...waivering their own salaries short term. These guys are determined, and it's no wonder they are winning contracts hand over fist!!!
o A restructured team achieved annual base salary savings of $900k, aligning resources to drive SocialCyber business growth.
o Senior management contributed to $500,000 in cash flow savings through salary waivers and cost deferrals.
Β· Financial stability was maintained, with cash at period end totalling $135,725 (HY2023: $341,543).
Β· Secured a significant $1.3 million DARPA SocialCyber contract (see RNS dated 27 August 2024).