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archTIS Ltd. ( (AU:AR9) ) has provided an announcement.
archTIS Ltd. reported a net positive cash flow from operating activities for the December 2024 quarter, driven by strong customer receipts and an R&D tax rebate. The company achieved a 12% increase in annual recurring revenue and a gross margin increase to 78%. Significant customer wins included contracts with BAE Systems Australia, Accenture, and SAP. The company also announced strategic appointments and signed a binding term sheet to acquire assets from Direktiv, enhancing its technology and market opportunities.
More about archTIS Ltd.
archTIS Ltd. is a global provider of data-centric software solutions that enable secure collaboration of sensitive information. The company focuses on policy-enforced data-centric security products and platforms, serving sectors such as defense and global defense industries.
YTD Price Performance: 1.43%
Average Trading Volume: 132,938
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$20.35M
See more data about AR9 stock on TipRanks’ Stock Analysis page.