• Excite reaches positive EBITDA in December
• Digital Forensics division closed major renewals worth $4.06M
• Customer receipts doubled to a record $4.08M

Excite Technology Services Ltd (ASX:EXT) reported its quarterly activities and Appendix 4C cash flow report for the period ending 31 December 2024. Key highlights include:- Excite reached positive EBITDA in December 2024- The Digital Forensics division closed major renewals with law enforcement and government agencies worth $4.06M- Customer receipts doubled quarter-on-quarter to a record $4.08M- Belgravia's Convertible Note funding was fully exercised in December- Closing cash was $810k, bolstered by $2.6M in receivables at month endThe company's Cyber and IT services divisions, as well as the recently acquired digital forensics and training business CBIT Pty Ltd (CDFS), contributed to the strong financial performance. Net operating cash outflow for the quarter was $2.31M, impacted by $2M in product resale ahead of customer receipts in January 2025.Excite's Executive Director and CFO, Steven Bliim, noted that the December 2024 quarter marked a pivotal moment for the group, with quarterly revenues growing to $5.07M and the integration of CDFS significantly enhancing EBITDA, leading to break-even in December.

Excite expects to maintain positive momentum heading into 2025, with strong revenue growth and improved cash flow performance.

Excite aims to expand in the cyber, IT consulting, and digital forensics and incident response (DFIR) markets, focusing on recurring revenues and long-term growth. The company remains committed to supporting a Safe Australia by enhancing security measures, providing reliable IT solutions, and training the next generation of talent.