Urbanise.com Ltd. (AU:UBN) has released an update.
Urbanise.com, a cloud-based SaaS provider for strata and facilities managers, reported a robust financial quarter with FY2024 wins amounting to $1.044 million in ARR and a 5.1% increase in license revenue to $11.7 million. Despite a dispute with Colliers Australia over contract termination and a claim for unpaid fees, the company aims to reach cash flow positivity in FY2025 driven by strategic partnerships and improving sales networks. Urbanise highlighted a strong sales pipeline and new features in their platforms, positioning them competitively in the market against traditional systems.
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