FirstWave Cloud Technology ( (AU:FCT) ) has issued an update.
FirstWave Cloud Technology reported its financial and operational results for the third quarter of FY25, highlighting the renewal of major license agreements and ongoing investment in AI-enabled compliance and control technologies. Despite a decrease in cash position and revenue, the company improved its gross profit margin and secured an agreement with Corent Tech, funded by AWS, to boost its cloud services. The company is exploring various strategies to address its low cash balance and potential negative cash flows in the upcoming quarter.
More about FirstWave Cloud Technology
FirstWave Cloud Technology Limited is a global cybersecurity and network management company that focuses on providing monitoring products and cloud services. The company operates in the cybersecurity industry and aims to enhance its offerings through continuous investment in software development and strategic partnerships.
YTD Price Performance: -15.00%
Average Trading Volume: 634,504
Technical Sentiment Signal: Buy
Current Market Cap: A$29.13M
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