Activeport Group Ltd Reports Strong Q1 FY27 Performance
Key points
- Software revenue increased 149% to $599k
- Group revenue up 18% to $1.72 million
- $2.6 million of new software contracts signed
Full summary
Activeport Group Ltd (ASX: ATV) reported a successful Q1 FY27 with software revenue surging 149% to $599,000, up from $241,000 in Q4 FY26. The Group's revenue increased 18% to $1.72 million, largely due to high-margin software sales. New software contracts worth $2.6 million were signed, and $1.45 million of existing contracts began generating revenue. The relaunch of connectivity brands, Global Edge and Future Broadband, boosted new circuit orders. GPU deployments grew 36% to 1,400 units, and a new Canadian sovereign AI gateway is set to launch in Toronto.
Guidance
Software revenue up 149% to $599,000; Group revenue up 18% to $1.72 million
Outlook
Activeport expects strong Q2 FY27 performance with revenue growth across all units and new product launches, aiming to become cash flow positive by Q4 FY27.
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