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FirstWave Cloud Technology ( (AU:FCT) ) has issued an update.
FirstWave Cloud Technology has updated its latest quarterly activities report and cash flow disclosure, clarifying that A$95,000 in related-party payments during the December 2025 quarter comprised directors’ fees made in the ordinary course of business, with all other information in the report unchanged. Operationally, the second quarter of FY26 marked a significant strategic pivot toward AI-powered compliance management aimed at monetising its large base of free Open-AudIT users, supported by a A$2.66 million capital raise, a A$2.5 million loan facility and cost-saving restructures that are expected to deliver ongoing quarterly cash savings and contribute to another operationally cash-flow positive quarter in Q3, while key customer renewals and anticipated R&D funding further underpin the company’s financial and growth outlook.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
More about FirstWave Cloud Technology
FirstWave Cloud Technology is a global software company founded in 2004 that provides enterprise-grade network management, automation, audit and cybersecurity software. Its solutions are used by an estimated 150,000 organisations across 178 countries, with major clients including Microsoft, Telmex, Telstra, Claro and NASA, positioning the company as a notable player in cloud-based security and network management tools.
Average Trading Volume: 2,273,945
Technical Sentiment Signal: Sell
Current Market Cap: A$10.61M
Find detailed analytics on FCT stock on TipRanks’ Stock Analysis page.