Quarterly Activities/Appendix 4C Cash Flow Report

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Stock Aeeris Ltd (AER.ASX)
Release Time 31 Jan 2025, 8:24 a.m.
Price Sensitive Yes
 Aeeris Ltd reports Q2 FY25 results
Key Points
  • Total receipts of $1,498,540
  • Receipts from customers of $1,025,825
  • Revenue of $943,564
  • Cash and cash equivalents of $1.53m
  • Continued growth in ARR and ARPC
Full Summary

Aeeris Ltd (Aeeris or the Company) has reported a strong quarter, with total receipts of $1,498,540, receipts from customers of $1,025,825, and revenue of $943,564. The Company's cash and cash equivalents stood at $1.53m at the end of the quarter. Aeeris continued to see growth in its key metrics, with annual recurring revenue (ARR) increasing by 9.4% and annual revenue per customer (ARPC) growing by 0.3% compared to the previous quarter. The sales team has focused on securing larger, high-value contracts to sustain growth, while continuing to service the Company's existing client base. Operationally, the severe weather season placed substantial demands on the team, who rose to the challenge with exceptional performance. Aeeris is also close to completing an exciting new development that is expected to enhance its current service offering and position the Company as a unique provider in Australia, opening up new market opportunities and expanding the Company's addressable market.

Guidance

Aeeris expects to see a reduction in receipts in Q3 due to the seasonality of invoicing.

Outlook

Aeeris is focused on completing its new development, which is expected to position the company as a unique provider in Australia and enhance shareholder value in the quarters to come.