icetana Limited (ASX: ICE) (“icetana” or “the Company” or “we”), a global software company providing artificial intelligence solutions to detect real-time anomalous events on video surveillance systems, is pleased to release its activities report and Appendix 4C for the quarter ended 31 December 2022 (Q2 FY23).
Highlights:
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Annualised recurring revenue of $1.6m as at December 2022, up 18% year on year and 2% quarter on quarter.
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Quarterly revenue through the December quarter was $426k, up 10% year on year and 9% quarter on quarter.
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Net customer retention of 102% over the quarter, demonstrating the Company’s ability to grow through expansion orders.
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Successfully achieved first sales of the next generation software as planned, with positive customer feedback following early deployments.
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Net operating cash outflow of $560k for the quarter, remaining well capitalised with $2.0m cash at bank.
For more information, download the attached PDF.
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