TALi Digital Limited (ASX: TD1) has reported a 90.9% reduction in losses, posting a half-year loss of $263,945 for the six months ending 31 December 2024, compared to a $2.88 million loss in the prior corresponding period.
Revenue from ordinary activities and other income fell 76.6% to $36,704, while net cash used in operations increased 85% to $229,575. The company maintained a cash balance of $1.93 million as at 31 December 2024.
Genius partnership update
TALi Digital continues to progress its Strategic Alliance Agreement with Genius Learning Pty Ltd, which acts as the exclusive distributor of TALi’s digital attention assessment and training programs in the education sector. Genius is now fully managing the commercial and product development aspects of the TALi platform, with TALi Digital receiving a 20% royalty on sales.
Genius has advised that the full relaunch of TALi’s platform is expected in FY25, with front-end and back-end development nearing completion. Branding and marketing efforts are also underway to expand market reach.
Strategic outlook and M&A opportunities
The company remains actively engaged in merger and acquisition (M&A) opportunities, assessing strategic options to maximise shareholder value.
TALi Digital’s Chair, Mark Simari, emphasised the company’s strong balance sheet and reduced operating expenditure, positioning it well for growth.
“With our cost structure stabilised and the Genius partnership progressing, we are in a strong position to evaluate opportunities that align with our vision for long-term growth and value creation,” Simari said.
No dividends declared
No dividend was declared for the period, as the company remains focused on business expansion and strategic opportunities.
