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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 | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.63M | 8.74M | 11.28M | 12.49M | 9.35M | 7.98M |
| Gross Profit | 5.77M | 7.70M | 8.80M | 5.50M | 2.58M | 4.30M |
| EBITDA | -3.07M | -3.96M | -23.27M | -10.18M | -11.14M | -10.33M |
| Net Income | -2.83M | -3.60M | -23.04M | -13.45M | -13.46M | -10.81M |
Balance Sheet | ||||||
| Total Assets | 38.74M | 38.74M | 41.87M | 63.33M | 76.74M | 24.88M |
| Cash, Cash Equivalents and Short-Term Investments | 364.03K | 364.03K | 1.81M | 5.74M | 10.54M | 10.10M |
| Total Debt | 2.42M | 2.42M | 2.38M | 260.43K | 367.57K | 632.99K |
| Total Liabilities | 9.38M | 9.38M | 9.66M | 10.90M | 11.58M | 10.01M |
| Stockholders Equity | 29.36M | 29.36M | 32.21M | 52.43M | 65.16M | 14.87M |
Cash Flow | ||||||
| Free Cash Flow | 617.02K | 165.84K | -3.54M | -4.67M | -11.21M | -11.87M |
| Operating Cash Flow | 620.91K | 171.38K | -3.47M | -1.76M | -8.00M | -8.05M |
| Investing Cash Flow | -2.10M | -2.10M | -2.66M | -2.91M | -2.25M | -3.83M |
| Financing Cash Flow | 512.52K | 512.52K | 2.20M | -130.94K | 10.70M | 6.55M |
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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
48 Neutral | AU$37.96M | -1.29 | -64.51% | 4.99% | -38.38% | -275.50% | |
44 Neutral | AU$7.32M | -2.63 | ― | ― | 13.07% | 68.60% | |
42 Neutral | AU$14.85M | -1.22 | -54.62% | ― | -22.47% | 39.26% | |
37 Underperform | AU$27.48M | -2.76 | ― | ― | 12.88% | -22.58% |
FirstWave Cloud Technology Corporate Events
FirstWave Cloud Technology has issued 120 million fully paid ordinary shares under Australian securities law without a disclosure document, confirming it remains compliant with financial reporting and continuous disclosure obligations. The company also stated that there is no excluded information that would need to be disclosed to investors, signalling that the capital issuance is being conducted within standard regulatory parameters and without undisclosed material information that might affect shareholder interests.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
FirstWave Cloud Technology Limited has applied to the ASX for quotation of 120 million new fully paid ordinary shares, with an issue date of 31 December 2025. The large share issuance, disclosed via an Appendix 2A filing, represents a significant capital move that may affect the company’s share structure and liquidity, potentially supporting future operational or strategic initiatives and altering the holdings of existing shareholders.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
FirstWave Cloud Technology has secured a A$2.5 million senior secured loan facility from global credit investor Partners for Growth VII, L.P., bolstering its access to growth capital following a recent A$2.85 million equity raise and supporting its strategic pivot to AI-powered compliance management and monetisation of its large open‑source user base. The new facility, which features a 12.5% fixed interest rate, staged amortisation, and equity-linked options for PFG, replaces a costlier arrangement with Fenja Capital Partners, whose debt has been largely settled through a A$2.4 million cash payment and the issue of 120 million new shares, simplifying FirstWave’s capital structure and potentially improving its financial flexibility as it pursues its next phase of growth.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
FirstWave Cloud Technology Ltd has announced a change in its substantial holders, with Perennial Value Management Limited ceasing to be a substantial holder as of December 8, 2025. This change involved HSBC selling shares worth $878,421.35, affecting 176,071,628 ordinary securities and votes, which may impact the company’s shareholder structure and market perception.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
FirstWave Cloud Technology Limited announced the issuance of 33,105,567 unquoted equity securities, as part of previously announced transactions. This move is likely aimed at strengthening the company’s financial position and supporting its strategic initiatives in the competitive cloud technology market.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
FirstWave Cloud Technology Limited has announced the issuance of 99,316,648 fully paid ordinary shares without disclosure to investors under the Corporations Act. The company confirms compliance with relevant provisions of the Corporations Act and states there is no excluded information as per the Act. This move is expected to impact the company’s financial operations and market positioning, potentially influencing stakeholder interests.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
FirstWave Cloud Technology announced that all resolutions were passed by shareholders at its Annual General Meeting, including the adoption of the Remuneration Report and the election of new directors. The successful passage of these resolutions reflects strong shareholder support and positions the company for continued strategic growth and operational stability.
The most recent analyst rating on (AU:FCT) stock is a Hold with a A$0.01 price target. To see the full list of analyst forecasts on FirstWave Cloud Technology stock, see the AU:FCT Stock Forecast page.
FirstWave Cloud Technology is set to host a webinar to introduce its new AI-powered security compliance software, highlighting its strategic direction and competitive positioning in the market. The software, which will be available globally, features advancements in compliance capabilities, AI insights, and automation, potentially enhancing FirstWave’s standing in the cybersecurity industry.
FirstWave Cloud Technology Limited has announced that its Annual General Meeting (AGM) will be held virtually on November 28, 2025. The meeting will provide shareholders with updates on the company’s operations and strategic direction. This virtual format aligns with modern practices and ensures broader accessibility for stakeholders, reflecting FirstWave’s commitment to leveraging technology to enhance shareholder engagement.
FirstWave Cloud Technology Limited announced the issuance of 3,362,162 fully paid ordinary shares without investor disclosure under the Corporations Act. The company is also in the process of finalizing a $2.5 million loan facility with a global credit investor, though terms are not yet finalized. This move could impact FirstWave’s financial operations and market positioning, though there is no certainty the transaction will proceed as currently planned.
FirstWave Cloud Technology Limited announced the quotation of 3,362,162 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of October 24, 2025. This move reflects the company’s strategic efforts to enhance its market presence and provide additional liquidity to its stakeholders, potentially strengthening its financial position and investor confidence.
FirstWave Cloud Technology announced the release of 1,000,000 fully paid ordinary shares from voluntary escrow on October 31, 2025. These shares were initially issued to Pitt Street Research Pty Ltd for research services, and their release marks the end of a 12-month escrow period. This development may impact the company’s stock liquidity and investor interest.