Key points
- Total revenue of $3.1m, in line with prior period
- Recurring revenue accounted for 92.1% of total revenue
- $275.5k in new ARR and $211.6k in professional fees from 13 new contract wins
Full summary
Urbanise.com Limited (ASX: UBN) ('Urbanise' or 'the Company') today provided a business update and cash flow report for the quarter ended 31 March 2025 (Appendix 4C). Total revenue for Q3 FY2025 was $3.1m, in line with the prior corresponding period (pcp). Recurring revenue accounted for 92.1% of total revenue. Q3 FY2025 license revenue decreased by 2.6% to $2.9m compared to the pcp, as growth from new contract wins and implementations was offset by customer losses and the discontinuation of low-margin pass-through revenue from third-party software in FM. Strata License Fees posted underlying growth of 7.3%, net of revenue reallocation to FM. The company converted $275.5k in new ARR and $211.6k in professional fees from 13 new contract wins, primarily comprising Australian strata managers, FM service providers and asset owners. Urbanise achieved a third consecutive quarter of positive operating cash flow, with $162k average monthly cash generated, reflecting strong cash collections and cost management. The closing cash balance of $3.2m was $485k higher than on 31 December 2024. The company continues to progress efforts to establish integration partnerships with financial institutions for Urbanise Strata and targets completion of a partnership in the current financial year. Urbanise remains on track to achieve cash flow breakeven in FY2025.
Outlook
Urbanise remains on track to achieve cash flow breakeven in FY2025.