AUCyber Limited (ASX:CYB) Responds to ASX Aware Letter
Financial Performance Update
AUCyber Limited (ASX: CYB) disclosed that its unaudited revenues for the four months ending 31 October 2024 are approximately 29% below its FY25 budget. This significant variance contributed to the Board’s decision to withdraw FY25 Guidance, which was projected at $36.6 million in revenue.
Response to ASX Queries
In response to an ASX aware letter, AUCyber confirmed that both the revenue shortfall and the decision to withdraw guidance are material information that could affect the security’s price. Management became aware of the revenue discrepancies on 12 November 2024 and communicated the withdrawal on 3 December 2024.
Transparency and Compliance
The company maintains that its management accounts are usually confidential, meant for internal purposes. AUCyber aims to comply with Listing Rule 3.1 and has enacted its continuous disclosure obligations properly. Chief Financial Officer and Company Secretary, Theo Tragoudistakis, stated, “Our commitment to transparency ensures that we keep our investors informed about material developments.”
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