archTIS Ltd. (AU:AR9) has released an update.
archTIS Ltd. has reported strong first-quarter sales of $3.8 million, driven by significant contracts with the Australian Department of Defence. The company’s annual recurring revenue increased by 16%, while operational expenses decreased, contributing to a healthy gross margin of 75%. With the launch of the archTIS Trusted Data Integration solution, the company is expanding its footprint in the structured data security market.
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