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icetana Achieves Milestone Quarter with Major Contract and Financial Stability

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icetana Achieves Milestone Quarter with Major Contract and Financial Stability

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iCetana Ltd. ( (AU:ICE) ) has provided an update.

icetana Limited announced a milestone quarter with a successful $2.65 million rights issue and a significant $1.7 million contract for a Safe City project in Iraq, marking the largest transaction in its history. The company reported a stable financial performance with a 1% increase in annualized recurring revenue and a reduction in net operating cash outflow, while also expanding its market presence in the Middle East and the US.

More about iCetana Ltd.

icetana Limited is a company specializing in self-learning security artificial intelligence software designed for large-scale surveillance networks.

YTD Price Performance: -11.76%

Average Trading Volume: 400,229

Technical Sentiment Signal: Hold

Current Market Cap: A$6.57M

See more data about ICE stock on TipRanks’ Stock Analysis page.

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