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Re: TechSectorPlayer post# 51305

Wednesday, 05/08/2024 9:07:50 AM

Wednesday, May 08, 2024 9:07:50 AM

Post# of 52480
They slowed down on all side projects last year to focus energy and capital on telecom. So far it's paid off. They turned profitable last year Q3, and growth has also accelerated. Q1 preliminary numbers put them over 100% YOY growth. And now with the QXTEL acquisition their top and bottom line for telecom this year will see substantial improvements. They plan to use telecom profits to fund their other subsidiaries like EV tho so things could start progressing again soon. Solid move to hold off and avoid funding those ventures with dilution, way better to do it with profits.
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