LaserBond (ASX:LBL) paused its plans to expand inside the US due to increased risks in the wake of ongoing economic uncertainty, according to a Thursday Australian bourse filing.
It was considering potential targets for acquisition which may require a facility with suitable support equipment and skilled personnel. It will instead focus on growth opportunities in its domestic Australian business, the filing said.
It said that it will maintain its international sales and business development activities as it reassesses its timing for an expansion.
The firm reiterated its fiscal year revenue guidance of between AU$43 million and AU$46 million and net profit before tax of between AU$4.1 million and AU$4.7 million.
Its shares jumped 13% in recent trading on Thursday.
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