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An announcement from iCetana Ltd. ( (AU:ICE) ) is now available.
The December quarter saw icetana hold revenue flat quarter on quarter at $593,000 while lifting ARR 36% year on year to $2.3 million, aided by contract renewals and new partnerships; cash burn narrowed to a $519,000 outflow, leaving $2.2 million on hand, signalling measured progress but highlighting the need to sustain momentum as it leans into domestic retail-security demand and SoftBank-enabled APAC expansion. Strategic distribution deals with SoftBank Robotics in the Gulf and Millennium Services Group in Australia and New Zealand, plus a successful mall proof of concept, strengthen its channel reach and reinforce management’s focus on large shopping centres as a core growth sector.
The most recent analyst rating on (AU:ICE) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on iCetana Ltd. stock, see the AU:ICE Stock Forecast page.
More about iCetana Ltd.
icetana Limited develops self-learning AI software that analyzes large-scale surveillance feeds, selling primarily to security integrators and major shopping-centre operators across Australia, the Middle East and broader APAC markets.
Average Trading Volume: 196,756
Technical Sentiment Signal: Hold
Current Market Cap: A$25.53M
Learn more about ICE stock on TipRanks’ Stock Analysis page.