An update from Urbanise.com Ltd. ( (AU:UBN) ) is now available.
Urbanise.com Limited reported a slight increase in H1 FY2025 licence revenue, reaching $5.8 million, with total revenue at $6.3 million. The company secured 19 new contracts in its key markets, achieving $563k in ARR and $214k in professional fees. However, Q2 FY2025 saw a decrease in license revenue due to customer churn and delays in deals, leading to a 4.4% decline in total revenue compared to the previous corresponding period. Despite these challenges, Urbanise maintained positive cash flow and a closing cash balance of $2.7 million, with no material debt. The company is also actively seeking banking partnerships to enhance its Strata business. Urbanise is engaged in a contract dispute with Colliers Australia over unpaid costs exceeding $3.0 million, adding a layer of uncertainty to its financial outlook. The company remains focused on achieving cash flow breakeven in FY2025.
More about Urbanise.com Ltd.
Urbanise.com Limited is a leading provider of cloud-based Software-as-a-Service (SaaS) platforms primarily catering to strata and facilities managers across Australasia, the Middle East, and South Africa.
YTD Price Performance: -2.27%
Average Trading Volume: 35,766
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$27.74M
For an in-depth examination of UBN stock, go to TipRanks’ Stock Analysis page.