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The latest update is out from FirstWave Cloud Technology ( (AU:FCT) ).
FirstWave Cloud Technology Limited has reported a significant improvement in its financial position for FY25, with a net operating cash flow of +$171,000 compared to a cash outflow of -$3.47 million in FY24. This change is attributed to the capitalization of additional costs towards Research and Development, indicating a strategic shift in the company’s operations that could enhance its market positioning and stakeholder confidence.
More about FirstWave Cloud Technology
FirstWave is a global software company founded in 2004, specializing in enterprise-grade network management, automation, audit, and cybersecurity software. The company serves approximately 150,000 organizations in 178 countries, with notable clients including Microsoft, Telmex, Telstra, Claro, and NASA.
Average Trading Volume: 1,061,734
Technical Sentiment Signal: Sell
Current Market Cap: A$25.7M
For an in-depth examination of FCT stock, go to TipRanks’ Overview page.