• Record transaction and recurring SaaS revenue of $1.2 million, up 9% on PCP
• Strong cash receipts from operations of $2.3 million
• Annualised Recurring transaction and SaaS Revenue (ARR) of c.$5.0 million at 31 Dec 2024

8common Limited (ASX: 8CO), a fintech company, has released its quarterly cashflow and business update for the quarter ended 31 December 2024 (2Q FY25). The key financial highlights include record transaction and recurring SaaS revenue of $1.2 million, up 9% on the previous corresponding period (PCP) and total revenue of $1.8 million. The company also saw strong cash receipts from operations of $2.3 million and a net operating cash outflow for the period of $12k. The annualised Recurring transaction and SaaS Revenue (ARR) stood at c.$5.0 million at 31 Dec 2024, with ARPU of $29.13, down 1% vs the prior quarter but up 10% vs PCP. The company ended the quarter with a cash balance of $0.1 million, supported by a $1.5m financing facility from the Executive Chairman. Key operational highlights include the addition of 19 new agencies going live in NSW Government and the Federal government Travel and Procurement Payment Services (TAPPS) corporate credit card transition to NAB payment cards, which resulted in a deferment of some SaaS transaction revenue in August and September. The company also noted that new and prospective client activity continues to be encouraging, with tender and proposal activity at unprecedented levels.

The company reported annualised Recurring transaction and SaaS Revenue (ARR) of c.$5.0 million at 31 Dec 2024.

The company noted that new and prospective client activity continues to be encouraging, with tender and proposal activity at unprecedented levels. Significant existing client activity is also expected to drive further revenue growth through change request revenue.