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FirstWave Cloud Technology
(Sydney:FCT)
FirstWave Cloud Technology (FCT) vs. iShares MSCI Australia ETF (EWA)
FirstWave Cloud Technology Business Overview & Revenue Model
FirstWave Cloud Technology Financial Statement Overview
| Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 11.28M | 12.49M | 9.35M | 7.98M | 8.25M |
| Gross Profit | 8.80M | 5.50M | 2.58M | 4.30M | -2.55M |
| EBITDA | -4.87M | -8.17M | -12.50M | -13.09M | -14.66M |
| Net Income | -23.04M | -13.45M | -13.46M | -10.81M | -13.78M |
Balance Sheet | |||||
| Total Assets | 41.87M | 63.33M | 76.74M | 24.88M | 25.25M |
| Cash, Cash Equivalents and Short-Term Investments | 1.81M | 5.74M | 10.54M | 10.10M | 15.28M |
| Total Debt | 2.38M | 260.43K | 367.57K | 632.99K | 464.27K |
| Total Liabilities | 9.66M | 10.90M | 11.58M | 10.01M | 9.89M |
| Stockholders Equity | 32.21M | 52.43M | 65.16M | 14.87M | 15.35M |
Cash Flow | |||||
| Free Cash Flow | -3.54M | -4.67M | -11.21M | -11.87M | -12.45M |
| Operating Cash Flow | -3.47M | -1.76M | -8.00M | -8.05M | -8.70M |
| Investing Cash Flow | -2.66M | -2.91M | -2.25M | -3.83M | -3.75M |
| Financing Cash Flow | 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 |
|---|---|---|---|---|---|---|---|
46 Neutral | AU$9.65M | -2.89 | ― | ― | 13.07% | 68.60% | |
42 Neutral | AU$29.13M | ― | -11.69% | ― | -22.47% | 84.44% | |
41 Neutral | AU$41.40M | 1.49 | ― | ― | -38.38% | ― | |
36 Underperform | AU$11.64M | -3.13 | ― | ― | -20.82% | 17.95% | |
32 Underperform | AU$3.85M | ― | ― | ― | 12.88% | -22.58% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
FirstWave Cloud Technology Corporate Events
FirstWave Cloud Technology announced significant developments in its operations for Q4 FY25, including major license renewals and a new partnership with AWS and Ingram Micro to launch its products on the AWS marketplace. The company also underwent a restructuring to streamline operations, resulting in a reduced headcount and the establishment of four core divisions. Financially, FirstWave reported a slight decline in revenue and cash position, but it anticipates improved cash inflows in the coming months. The company is focusing on growing recurring revenues and exploring both organic and inorganic growth opportunities, with a strategic emphasis on AI-powered compliance management.
FirstWave Cloud Technology Limited announced an upcoming investor update webinar scheduled for August 6, 2025, to discuss the company’s Q4 FY25 Quarterly Activity Report and Appendix 4C. The webinar will be hosted by key company executives and will include a Q&A session, providing stakeholders with insights into the company’s recent activities and future plans.
FirstWave Cloud Technology Limited announced the retirement of John Grant from its board of directors, effective July 18, 2025. As part of this transition, 900,000 Share Appreciation Rights were canceled following the company’s Annual General Meeting on November 23, 2023. This change may impact the company’s governance structure and could influence investor perceptions and strategic direction.
FirstWave Cloud Technology Limited has announced the appointment of Roger Buckeridge as a new director, effective from July 14, 2025. The initial director’s interest notice indicates that Buckeridge currently holds no securities or interests in the company, suggesting a fresh perspective without existing financial ties, which could influence the company’s strategic direction and governance.
FirstWave Cloud Technology Limited has announced the appointment of Roger Buckeridge as an Independent Non-Executive Director, with plans for him to become Chairman following John Grant’s retirement. Buckeridge’s extensive experience in the funds management sector is expected to aid FirstWave’s strategic focus on AI-powered IT compliance. The transition marks a new phase for FirstWave, aiming to leverage its intellectual property to become a globally significant company in the cybersecurity and network management industry.
FirstWave Cloud Technology has announced a significant contract renewal and expansion with Microsoft, valued at approximately USD $507k, marking an 18% increase from the previous agreement. This development is part of a broader sales achievement of AUD $1.8m over three weeks, including deals with Claro Dominican Republic and Telstra. The expanded agreement with Microsoft involves an increase in licensed nodes and highlights FirstWave’s strategic focus on growing its network management presence in North and Latin America. The collaboration is expected to bolster FirstWave’s market positioning and technological roadmap, with potential growth opportunities in licensing new technologies and AI-powered IT compliance solutions.
FirstWave Cloud Technology Limited announced a change in the interests of its director, John Edwin Grant, who disposed of 1,400,000 unlisted options. This change reflects the expiry of options without exercise or conversion, impacting the director’s securities holdings but not affecting the company’s overall market position.
FirstWave Cloud Technology Limited announced the cessation of several securities, including options and service rights, due to expiry or failure to meet conditions. This development may impact the company’s capital structure and could influence its market positioning by affecting investor perception and stakeholder confidence.
FirstWave Cloud Technology has entered into a licensing agreement with Claro Dominican Republic for its NMIS v9 software suite, marking a strategic expansion into the Americas. The agreement involves a one-time license fee of USD $250,000, contributing to FirstWave’s gross profit without ongoing obligations. This partnership allows Claro to leverage FirstWave’s advanced technologies, including the upcoming Model Context Protocol for AI and the Message Bus technology, enhancing its telecommunications services in the Dominican Republic.
FirstWave Cloud Technology has entered into an agreement with Claro Dominican Republic to license its NMIS v9 software suite, marking a significant expansion into the Latin American market. The deal involves a $250,000 upfront licensing fee, which is pure gross profit for FirstWave, and enables Claro to leverage FirstWave’s upcoming AI Model Context Protocol and Message Bus technology, enhancing their service capabilities.
FirstWave Cloud Technology has extended its agreement with Telstra Corporation for the provision of ISM-compliant CyberCision software and services to several Federal Government agencies. The Secure Internet Gateway (SIG) Agreement has been extended for an additional 12 months, with a further one-year option, while the Products and Services Agreement (PSA) has been extended for two months. Despite a reduction in revenue from these agreements, FirstWave has aligned operational costs to offset the impact, resulting in a positive bottom line. The company is diversifying its revenue streams and expanding its reach through a partnership with Amazon Web Services and Corent Technology to launch its software solutions on the AWS Marketplace.
FirstWave Cloud Technology has announced a strategic partnership with Amazon Web Services and Corent Technology to launch its product suite on the AWS Marketplace. This collaboration, supported by AU$250,000 in funding, aims to enhance FirstWave’s AI technologies and streamline product distribution, providing access to AWS’s 300,000 monthly active users and over 2,500 channel partners. The initiative is a significant step in FirstWave’s strategy to monetize its free-tier software users by offering seamless upgrades to enterprise-grade solutions, thereby expanding its global presence and simplifying customer access to its products.
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.