Key points
- Annual recurring revenue (ARR) up 11% to $4.0M
- Gross margin increased to 74%, up 28 basis points
- Operating expenses decreased by 9%
Full summary
archTIS Ltd, a software company focused on secure information management and collaboration, has reported its half year accounts for the period ended 31 December 2024. The financial results show continued focus on licensing revenue, strong gross margin percentage, and positive cash from operating activities. Annual recurring revenue (ARR) grew 11% to $4.0M, while total revenue was $2.77M, including $1.95M from licensing and $0.82M from services. Gross margin increased to 74%, up 28 basis points from the prior corresponding period. Operating expenses decreased by 9% to $3.4M. The company reported positive cash from operating activities of $2.0M, with cash and total available funding of $6.1M as at 31 December 2024. Key customer wins included a $2.3M contract with the Australian Department of Defence for NC Protect, and the renewal of a Kojensi Enterprise contract. The company also launched a new product, archTIS Trusted Data Integration (TDI), to expand into the $474B big data market. Two key appointments were announced: Dr Marcus Thompson AM as non-executive Director, and Mr Gerard Foley as Vice President and General Manager of Asia Pacific.