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FirstWave Cloud Technology
(Sydney:FCT)
FirstWave Cloud Technology (FCT) vs. S&P 500 (SPY)
FirstWave Cloud Technology Business Overview & Revenue Model
FirstWave Cloud Technology Financial Statement Overview
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 10.02M | 11.28M | 12.49M | 9.35M | 7.98M | 8.25M | Gross Profit |
| 7.98M | 8.80M | 5.50M | 2.58M | 4.30M | -2.55M | EBIT |
| -3.24M | -3.76M | -8.49M | -14.76M | -13.29M | -14.75M | EBITDA |
| -4.27M | -4.87M | -8.17M | -12.50M | -13.09M | -14.66M | Net Income Common Stockholders |
| -22.73M | -23.04M | -13.45M | -13.46M | -10.81M | -13.78M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.78M | 1.81M | 5.74M | 10.54M | 10.10M | 15.28M | Total Assets |
| 41.00M | 41.87M | 63.33M | 76.74M | 24.88M | 25.25M | Total Debt |
| 2.41M | 2.38M | 260.43K | 367.57K | 632.99K | 464.27K | Net Debt |
| 734.41K | 699.56K | -5.35M | -10.04M | -9.33M | -14.82M | Total Liabilities |
| 10.39M | 9.66M | 10.90M | 11.58M | 10.01M | 9.89M | Stockholders Equity |
| 30.61M | 32.21M | 52.43M | 65.16M | 14.87M | 15.35M |
| Cash Flow | Free Cash Flow | ||||
| -99.83K | -3.54M | -4.67M | -11.21M | -11.87M | -12.45M | Operating Cash Flow |
| -53.01K | -3.47M | -1.76M | -8.00M | -8.05M | -8.70M | Investing Cash Flow |
| -2.43M | -2.66M | -2.91M | -2.25M | -3.83M | -3.75M | Financing Cash Flow |
| 2.21M | 2.20M | -130.94K | 10.70M | 6.55M | 19.67M |
FirstWave Cloud Technology Technical Analysis
FirstWave Cloud Technology Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$90.45M | 4.35 | 25.65% | 3.92% | -1.32% | ― | |
70 Outperform | AU$53.80M | 12.18 | 21.21% | 5.26% | 1.32% | -21.53% | |
67 Neutral | AU$977.41M | 13.63 | 57.04% | 0.73% | 18.63% | ― | |
60 Neutral | $10.96B | 10.27 | -6.73% | 2.97% | 7.73% | -11.60% | |
44 Neutral | AU$31.46M | ― | -31.58% | ― | 22.29% | 64.62% | |
42 Neutral | $52.33M | ― | ― | 83.89% | ― | ||
38 Underperform | AU$34.27M | ― | -54.77% | ― | -14.50% | -77.33% |
FirstWave Cloud Technology Corporate Events
FirstWave Cloud Technology has provided an update on its AI-enabled compliance and control software. The company is focusing on aligning its products with CIS Controls, enhancing core strengths, and developing a commercial pathway for free users. This strategic direction aims to strengthen FirstWave’s market position and offer improved solutions for compliance and control, potentially impacting stakeholders by broadening the user base and enhancing product offerings.
FirstWave Cloud Technology reported its financial and operational results for the third quarter of FY25, highlighting the renewal of major license agreements and ongoing investment in AI-enabled compliance and control technologies. Despite a decrease in cash position and revenue, the company improved its gross profit margin and secured an agreement with Corent Tech, funded by AWS, to boost its cloud services. The company is exploring various strategies to address its low cash balance and potential negative cash flows in the upcoming quarter.
FirstWave Cloud Technology Limited is hosting a technology update webinar on May 7, 2025, to discuss its transformation and strategic focus on IT compliance management. The company aims to leverage its AI capabilities and the newly released Model Context Protocol (MCP) to enhance data mining and compliance automation, aligning with standards set by NIST and CIS. This move is expected to solidify FirstWave’s position as a leader in AI-powered compliance management, offering significant opportunities for monetizing its free user base.
FirstWave Cloud Technology Limited announced that 1,000,000 of its fully paid ordinary shares, initially issued to Pitt Street Research Pty Ltd for research services, will be released from a 6-month voluntary escrow on May 1, 2025. This release is part of a total of 3,000,000 shares issued, with another 1,000,000 shares set to be released from a 12-month escrow on October 31, 2025. The release of these shares may impact the company’s stock liquidity and market perception.
FirstWave Cloud Technology Limited announced the release of 1,000,000 fully paid ordinary shares from voluntary escrow on April 30, 2025. These shares were initially issued to Pitt Street Research Pty Ltd for research services, with the release marking a significant step in the company’s share management strategy.
FirstWave Cloud Technology Limited will host an investor update webinar on April 30, 2025, to discuss its Q3 FY25 Quarterly Activity Report. The session, led by key company executives, will include a presentation followed by a Q&A session, providing stakeholders with insights into the company’s recent activities and future plans.
FirstWave Cloud Technology Ltd. announced the cessation of 550,001 securities due to the expiry of options or other convertible securities without exercise or conversion as of March 1, 2025. This development may impact the company’s capital structure and could influence investor perceptions regarding its financial strategy and market positioning.
FirstWave Cloud Technology Ltd. has announced the appointment of David Guy Garnier as a director, effective March 31, 2025. Garnier holds a significant interest in the company, with 69,204 fully paid ordinary shares as a registered holder and an additional 24,459,594 shares through New Insights Australia Pty Ltd, where he is a beneficial owner. This appointment and Garnier’s substantial shareholding may influence the company’s strategic direction and stakeholder interests.
FirstWave Cloud Technology Limited has appointed David Garnier as a Non-Executive Director, succeeding Daniel Friel, who is retiring from full-time corporate life but will continue advising the company on US investment markets. Garnier, with over 30 years of experience in corporate finance and investment banking, is expected to leverage his expertise to support FirstWave’s ambition of becoming a significant player in the network management and cybersecurity industry.
FirstWave Cloud Technology Limited has extended and restructured its finance facility with Fenja Capital Partners, a Danish asset management firm. This extension reflects Fenja Capital’s confidence in FirstWave’s growth strategy, particularly in North and Latin America, and supports the company’s ambition to become a significant player in the global network management and cybersecurity market. The new agreement, which replaces the previous one, provides FirstWave with a debt facility valued at $2.125 million, with attached warrants, and extends the term until October 2026. This financial arrangement is expected to help FirstWave manage its cashflow and capital requirements more effectively, aiding in its goal to achieve cashflow positivity and capitalize on new opportunities.
FirstWave Cloud Technology Limited reported a 21.8% decline in revenues to $4.52 million for the half-year ended December 2024, attributed to the discontinuation of Telstra’s GPA firewall product and closure of its CSX2 platform. Despite the revenue drop, the company’s loss after tax improved by 13.3% to $2.05 million, thanks to a strategic focus on profitable products and cost rationalization. Additionally, net cash inflows from operating activities showed significant improvement, primarily due to reduced payments to suppliers and increased other income.