8CO.ASX Reports Record Q3 SaaS Revenue
Key points
- Transaction and recurring SaaS revenue of $1.1 million, up 5% on PCP
- Cash receipts from operations of $1.7 million
- Net operating cash outflow of $54k
- Annualised Recurring transaction and SaaS Revenue (ARR) of c.$5.0 million
Full summary
8common Limited (ASX: 8CO), a leading fintech company, has released its quarterly cashflow and business update for the quarter ended 31 March 2025 (3Q FY25). Key financial highlights include transaction and recurring SaaS revenue of $1.1 million, up 5% on the previous corresponding period (PCP), and total revenue of $1.5 million. Cash receipts from operations were $1.7 million, with a net operating cash outflow of $54k for the period. The company's Annualised Recurring transaction and SaaS Revenue (ARR) stood at c.$5.0 million at 31 March 2025, with ARPU of $26.76, up 10% vs PCP. Total Operational Costs have contracted by 33% vs PCP, largely due to a 45% reduction in Admin and Corporate costs. The company ended the quarter with a cash balance of $0.1 million, supported by a $1.5m financing facility from the Executive Chairman. Key operational highlights include infrastructure and technology upgrades, new customer go-lives, and the completion of the Federal government Travel and Procurement Payment Services (TAPPS) corporate credit card transition to NAB payment cards.
Outlook
The upcoming Federal Government Election has resulted in slower business development activities, which are expected to pick up post-Election in mid May 2025. The company's reseller partnership activity continues to strengthen, and it anticipates meaningful results arising from these partnerships.
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