Rakon posts modest $3.4m profit as it eyes the 5G market
Despite a recent reversal of a booked one-off gain of $7.2m, the company says it's on the right path.
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Technology company Rakon has posted a full-year profit of $3.4 million – well down on last year's $10m profit – along with a 13% increase in revenue to $114m, even after it had to revalue its investment in internet of things company Thinxtra.
Its earnings before interest, tax, depreciation
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Rakon posts modest $3.4m profit as it eyes the 5G market
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