Firstwave Cloud Technology Ltd. · ASX:FCT
Firstwave Cloud Technology — Q2 FY25 Earnings Presentation
13 slides from Firstwave Cloud Technology's earnings presentation, Jan 30, 2025
Slide 1: Q2 FY25 Shareholder Update
Q2 FY25 Shareholder Update 30 January 2025
Slide 2: Today's Presenters
Today’s Presenters J O HN GRANT DANNY M AHER IAIN B A R T R A M Chair Managing Director C F O and and CEO C o m p a ny Secretary 2
Slide 3: Agenda
Agenda 1. Introduction - Chair 2. CFO Update 3. CEO Update 4. Q&A 3
Slide 4: CFO Update
CFO Update Iain Bartram – Chief Financial Officer 4
Slide 5: Q2 Financial Performance
Q2 Financial Performance (A$m) Q1 FY25 Q2 FY25 △% ARR 8.46 8.15 -4% Revenue 2.25 2.27 +1% Gross Profit 1.99 1.85 -7% Gross Profit Margin 88% 82% -6ppt Figures are unaudited 5
Slide 6: Q2 Financial Performance – Cash
Q2 Financial Performance – Cash • Q2 closing cash position $1.68m (FY25 Q1: $1.68m) • Opening cash level maintained • Two consecutive quarters of cash levels being maintained • $1.16m FY24 R&D Tax offset received. • Normalised* monthly cash usage $273k • Includes interest of $25k per month for Conve
Slide 7: CEO Update
CEO Update Danny Maher – Managing Director and CEO 7
Slide 8: Q2 Highlights – 1 of 2
Q2 Highlights – 1 of 2 • Second consecutive quarter with no cash burn. Normalised* Cash Usage (AUD $000’s) • FY24 operational efficiencies maintained. 750 • Receipt of $1.16m of R&D grant. In line with cyclical cashflows. • NMIS renewals are also commonly 12-months in 500 advance. • Major client con
Slide 9: Q2 Highlights – 2 of 2
Q2 Highlights – 2 of 2 • Major product release – opHA Message-Bus (NMIS) • High Availability. • Systems cut over live with no down time for clients and no loss of data (this is significant in this field as there are enormous amounts of data constantly inbound and outbound queries from the servers).
Slide 10: H2 Outlook
H2 Outlook • The business will continue to benefit from the significant transformation over the last 18 months which saw the first half of this financial year using no cash. • As communicated previously, the Company has sufficient cash to operate through to the end of Q3 without significant sales. •
Slide 11: Summary of Q2/H1
Summary of Q2/H1 • Fantastic to have not used any cash. • A promising new technology released. • All major renewals received – most with uplift. • Cash usage will likely increase in March in line with cyclical nature of the business and the board is actively managing capital requirements, including
Slide 12: Q&A
Q&A 12
Slide 13: Thank you
Thank you
Firstwave Cloud Technology — Q2 FY25 Earnings Presentation on 6ix