Key points
- Annual recurring revenue up 12% to $4.0m
- Gross margin increased to 78%, up 34 basis points
- Net positive cash from operating activities of $2.6m
Full summary
archTIS Limited, a global provider of data-centric software solutions, has reported its quarterly results for the period ended 31 December 2024. The company delivered annual recurring revenue of $4.0m, up 12% on the prior corresponding period. Revenue for the quarter was $1.3m, split between $1.0m in licensing and $0.3m in services. Gross margin increased to 78%, up 34 basis points, driven by the higher proportion of licensing revenue. Operating expenses decreased to $1.2m, a reduction on the prior period. The company generated net positive cash from operating activities of $2.6m, ending the quarter with $6.1m in available funds. Key customer wins during the quarter included BAE Systems Australia, Accenture, Australian Naval Infrastructure, and SAP, as well as strategic wins and renewals across global defence and defence industry entities. The company also announced two key appointments, with Dr. Marcus Thompson AM joining as a non-executive director and Mr. Gerard Foley appointed as Vice President and General Manager of Asia Pacific. Additionally, the company signed a binding term sheet to acquire select assets, including technology, customer base, and employees, from Direktiv, a San Francisco-based technology company.
Guidance
The company reported annual recurring revenue of $4.0m, up 12% on the prior corresponding period, for the quarter ended 31 December 2024.
Outlook
With exciting product innovations on the horizon, including the innovations surrounding the Direktiv technology, and a robust pipeline of opportunities, the company is well-positioned to drive sustainable growth and create long-term value for its stakeholders.