Q3FY25 Trading Update with Record Revenues in March'25

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Stock Comms Group Ltd (CCG.ASX)
Release Time 10 Apr 2025, 1:18 p.m.
Price Sensitive Yes
 Q3FY25 Trading Update with Record Revenues in March'25
Key Points
  • Total revenue (unaudited) for March 2025 was $5.0m, the highest monthly revenue on record
  • Total group revenue (unaudited) for the March-25 quarter was $14.1m
  • Global revenue in March was 26% higher than the average monthly revenue for the 1st half FY25
Full Summary

Comms Group Limited (ASX:CCG) provided an update on its recent business trading and key highlights for the quarter ended 31 March 2025. Total revenue (unaudited) for the month of March 2025 was $5.0m, which is the highest monthly revenue on record for the Company. This consisted of $1.36m from the Global business, $1.74m from the Secure Modern Workplace Solutions business, and $2.0m from the Cloud Communications and Collaboration business, less inter-company sales of ~$0.1m. Total group revenue (unaudited) for the March-25 quarter was $14.1m, compared to total revenue for the 1st half FY25 of $27.0m. Global revenue in March of $1.36m was 26% higher than the average monthly revenue of $1.08m for the 1st half FY25, boosted by the inclusion of revenue from several new domestic and multi-national corporate customers. The Secure Modern Workplace Solutions business and Cloud Communications and Collaboration business also saw good increases in revenues in the quarter. The company expects Global revenue to continue increasing over the coming months as it provisions a number of major customers won during the 1st half FY25, as well as new customers acquired in the 3rd quarter FY25. The company also announced new sales contracts signed within the quarter totaling $2.4m ARR, taking the 9-month YTD new sales contracts signed figure to $8.4m ARR. The company highlighted several key initiatives, including the consolidation of billing systems within the Cloud Communications and Collaboration business, the deployment of a new IaaS hypervisor platform for the Secure Modern Workplace Solutions business, and the upgrade and enhancement of the core customer support system for the Secure Modern Workplace Solutions business.