Quarterly Activities/Appendix 4C Cash Flow Report

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Stock Bridge Saas Ltd (BGE.ASX)
Release Time 31 Jan 2025, 6:52 p.m.
Price Sensitive Yes
 Bridge SaaS reports positive cash flow, NDIS plans
Key Points
  • Plans to launch NDIS 'lite' SaaS offering for smaller NDIS providers
  • Company records first cashflow positive quarter, expects continued trend
  • Participating in government tenders for Disability Employment Services
Full Summary

Bridge SaaS Limited (ASX: BGE) reported its activities and cash flow for the December 2024 quarter. Highlights include plans to launch an NDIS 'lite' SaaS offering tailored for smaller NDIS providers, the company recording its first cashflow positive quarter of $169k, and participation in government tenders for Disability Employment Services. The company's SaaS division continues to perform well, with a focus on building out NDIS-related features and integrations, particularly in relation to Brightside, a 51% controlled subsidiary that saw strong growth in revenue, profit, and participants during the quarter. Bridge is actively pursuing growth opportunities in the Disability Employment Services and NDIS sectors, leveraging its SaaS solutions. The company is also exploring the potential applications of artificial intelligence and humanoid robotics to streamline administrative processes, enhance participant service delivery, improve carer workforce efficiency, and reduce costs for the federal government's NDIS scheme. Additionally, Bridge has announced a partnership program to help NDIS care providers streamline their operations and cut costs through its SaaS offering.

Guidance

The company recorded a positive net cash from operating activities of approximately $169,000 for the current quarter, with the expectation that this positive cash flow trend will continue into the foreseeable future.