Cipherpoint Ltd (AU:EXT) has released an update.
Excite Technology Services Limited experienced a strategic shift in the June 2024 quarter, transitioning from project-based to recurring revenue models and cutting $930K in annual payroll costs. Despite lower customer receipts at $1.58M compared to the previous year’s quarter, the company announced a significant acquisition and continued to invest in sales/marketing, achieving $989K in new annual contract value. The company is poised for growth with the support of shareholders and a focus on digital forensics and incident response.
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