• Major client contracts renewed with uplift
• Strategic partnership secured with Amazon to launch on global marketplace
• Revised product strategy with AI-enabled compliance and control

FirstWave Cloud Technology Ltd provided a Q4 FY25 shareholder update, highlighting several key developments. The company announced the renewal of major client contracts, including with Claro DR, Solarus, Services Australia, and Macquarie Cloud, with an average uplift of 18%. Additionally, FirstWave secured a strategic partnership with Amazon to launch its products on the global AWS marketplace, which includes $250k in funding and personnel support from AWS. The company also revealed a revised product strategy, focusing on AI-enabled compliance and control features across its CyberCision, Open-Audit, and NMIS offerings. Financially, the company reported a 2-3% decline in Q4 revenue and gross profit compared to Q3, but highlighted over $2 million in renewals and sales invoiced in the past 60 days. The company's normalised monthly cash usage was $195k, excluding non-recurring revenues. Looking ahead, FirstWave expects over $2 million in cash inflows in August from recent renewals and orders, and the board will examine inorganic and organic growth opportunities to drive increased sales and de-risk growth plans.

The company reported a 2-3% decline in Q4 revenue and gross profit compared to Q3, but highlighted over $2 million in renewals and sales invoiced in the past 60 days. The company's normalised monthly cash usage was $195k, excluding non-recurring revenues.

FirstWave expects over $2 million in cash inflows in August from recent renewals and orders, and the board will examine inorganic and organic growth opportunities to drive increased sales and de-risk growth plans. The company is also focused on monetising its free user base, targeting AI-powered compliance management, and building on momentum in LATAM and the US.