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The latest announcement is out from FirstWave Cloud Technology ( (AU:FCT) ).
FirstWave Cloud Technology has announced the retrenchment of its Chief Financial Officer and Company Secretary, Mr. Iain Bartram, as part of its corporate restructure aimed at focusing on AI-driven compliance management solutions and monetizing its Open-AudIT product. The company is transitioning to a simplified structure and financial systems, having achieved $2 million in sales since June and a minimal cash usage from operating activities in FY25. This positions FirstWave for growth in FY26, with plans to appoint a fractional CFO and a Chief Revenue Officer, while Emily Austin will take over company secretarial services.
More about FirstWave Cloud Technology
FirstWave Cloud Technology is a global software company founded in 2004, specializing in enterprise-grade network management, automation, audit, and cybersecurity software. The company serves an estimated 150,000 organizations across 178 countries, with notable clients including Microsoft, Telmex, Telstra, Claro, and NASA.
Average Trading Volume: 943,430
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$23.99M
For an in-depth examination of FCT stock, go to TipRanks’ Overview page.