8Common Ltd (AU:8CO) has released an update.
8common Ltd has announced substantial financial growth with a record SaaS revenue of $1.2 million, up 28% from the previous year, and an operational cash flow increase, achieving a total revenue of $2.3 million for Q4 FY24. The company experienced a positive cashflow and operational profitability, attributed to a growing user base in Federal Government sectors and an increase in average revenue per user (ARPU), with confidence in maintaining this performance into FY25. Notably, new contracts and expansions, alongside strategic focus on customer success, have positioned 8common for anticipated growth in its SaaS services and overall financial health.
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