It raised a further $409,287 three years later.
At the time of the 2023 raise, managing director Wade Gillooly said the company had been through some difficult times.
“The past few years have been challenging for Little Island, and I believe the business has not adapted and moved quickly enough during this period,” Gillooly said.
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“I joined the business in late 2022 as chair and immediately undertook a strategic review with a focus on profitability and creating shareholder value… the board adopted a new three-year strategic plan with a realistic path to profitability in 2023.”
Gillooly said the working capital would enable the management team to execute its strategy, build profitability and create…
