• ARR increased 25% to $1.695m, up 142% since FY24
• Secured 2 new customers, 1 customer expansion
• Continued progress on sale of physical security business

Gathid Ltd released its Q3 FY25 Quarterly Activities/Appendix 4C Cash Flow Report. The company closed the quarter with a cash balance of $4.94m. Annual Recurring Revenue (ARR) increased 25% to $1.695m, up from $1.35m at the end of Q2 FY25, representing a 142% increase since the end of FY24. Gathid secured contracts with 2 new customers, bringing the total number of implementations to 19. A customer from Q1 FY25 also expanded its subscription. The company's operating cash outflow decreased in Q3 compared to Q2, mainly due to increased customer receipts. Spending on staff showed a slight increase following some business-critical hires, while corporate and administration costs decreased. The company continues to incur costs related to the divestment of its physical security business, including a dispute with the buyer, Bloom. Gathid believes it is owed $2.2m from Bloom and has filed a defense and counterclaim. The board is satisfied with the progress made in the business during FY25 and is focused on disciplined execution, growing the customer base, and deepening platform capabilities.

The company increased its Software recurring revenue (ARR) from $1.35m to $1.695m in Q3 FY25, representing a 25% increase. Since the end of FY24, ARR has increased by over 142%, from $0.7m.

The board continues to support management in maintaining the growth trajectory of the business, with a focus on carefully managed headcount increases and alignment with the sales close cycle. Marketing strategies have resulted in a pipeline of opportunities in Asia, Australia/Oceania, UK, and the USA, and the company is now active across more than ten distinct industry verticals.