• License revenue up 2% to $5.9m, reflecting growth in recurring revenues
• EBITDA loss improved 41.2% to $0.9m, driven by cost reduction initiatives
• Positive cash flow generated, with $2.7m in cash at end of period and no debt

Urbanise.com Limited (ASX: UBN) has reported its results for the half-year ended 31 December 2024. The company is a leading provider of cloud-based Software-as-a-Service (SaaS) platforms for the strata and facilities management sectors. Key highlights for H1 FY2025 include:- License revenue of $5.9m, up 2% vs previous corresponding period (pcp), reflecting growth in recurring revenues- Total revenue of $6.3m, up $35k on pcp, with license revenue growth offsetting a decline in professional fees- Annualised Recurring Revenue (ARR) of $11.3m, down 3% vs pcp, as new customer and organic growth was offset by the discontinuation of low margin pass-through revenue- EBITDA loss of $0.9m, a 41.2% improvement vs pcp, driven by a reduction in operating expenses- Positive cash flow generation, with an average of $139k per month in the first half, and a closing cash balance of $2.7m with no material debtThe company's Strata and Facilities Management (FM) segments both saw mixed results, with Strata license revenue growth offset by a reallocation to FM, and FM revenue growth offset by the discontinuation of low-margin pass-through revenue.Urbanise remains focused on generating and converting its sales pipeline, accelerating market share capture, maintaining disciplined cost and cash management, and achieving cash flow breakeven in FY2025.

Urbanise is targeting cash flow breakeven in FY2025.

In FY2025, Urbanise's priorities are to continue generating and converting its sales pipeline, accelerate the capture of share in its target markets, maintain its disciplined approach to cost and cash management, and execute on its strategic objectives to achieve cash flow breakeven.