icetana Limited (ASX: ICE) (“ icetana ” or “ the Company ” or “ we ”), a global software company providing artificial intelligence solutions to detect real-time anomalous events is pleased to release its activities report and Appendix 4C for the quarter ended 30 June 2022 (Q4 FY22).
-- Annualised recurring revenue of $1.5m as at June 2022, up 11% year on year from June 2021.
-- Net customer retention of 103% over the quarter, demonstrating the Company’s ability to grow through expansion orders.
-- The first customers of icetana’s next generation product w ere added during the June quarter, and features expanded.
-- Total cash receipts of $915k during the quarter, up 12% year on year and up 208% on previous quarter.
-- Net cash outflow of $347k for the quarter and well capitalised with $2.0m cash at bank.
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