Quarterly Activities/Appendix 4C Cash Flow Report

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Stock Unith Ltd (UNT.ASX)
Release Time 30 Jan 2025, 9:54 a.m.
Price Sensitive Yes
 Unith Ltd Reports Q2 FY 2025 Highlights
Key Points
  • Cash receipts of $1.225 million for Q2 December 2024
  • B2C Subscription Division revenue reached A$1.15 million, highest in 2 years
  • Renewed contract with B2B client Alliance for Public Health
Full Summary

Unith Ltd (ASX: UNT) reported its quarterly activities and Appendix 4C cash flow report for the three months ended 31 December 2024 (Q2 FY25). Key highlights include cash receipts of $1.225 million, B2C Subscription Division revenue reaching a record A$1.15 million, and the renewal of an existing contract with B2B enterprise client Alliance for Public Health. UNITH also divested a partial stake in AudioStack for circa US$500k (A$800k), strengthening its cash position to facilitate further growth and development initiatives. The company's Digital Human Technology Division made significant progress, securing over 500 leads and conducting 140 product demonstrations. UNITH's self-service digital human platform, interFace, gained traction across diverse sectors, with over 400 registered users and a 1,600% increase in facilitated conversations. The company also successfully deployed its 'Infrastructure 2.0' initiative, delivering advancements in scalability, fault tolerance, security, and developer efficiency. Additionally, UNITH achieved 'Research and Development' validation from the Spanish Government, leading to a net return of more than A$0.270 million. The B2C Subscription Division saw quarterly revenue of A$1.15 million, the highest in the last two years, with a growing subscriber base of over 700,000 active users. The company also expanded its geographic footprint, launching localized apps in Serbia, Slovakia, and Romania.

Outlook

UNITH expects to see continued momentum in its B2C Subscription Division over the next six months as it launches new features, expands into additional markets, and further refines its user experience. The company is also prioritizing investments in its server infrastructure and overall scalability to meet the growing demands of its expanding user base.