Unith’s AudioStack Divestment Nets A$800k; B2C Revenue Peaks at $1.15M
Unith Ltd has strengthened its financial position through a partial divestment in AudioStack while renewing a key public health contract and achieving its highest B2C subscription revenue in two years.
- Partial AudioStack stake sold for approximately A$800k to improve cash reserves
- 24-month renewal of The Alliance for Public Health contract with expansion plans
- B2C subscription revenue hits A$1.15 million in December quarter, highest in two years
- 700,000 active B2C subscribers across APAC, MENA, and EU regions
- Launch of localized B2C apps in Slovakia, Romania, and Serbia targeting 20 million users
Strategic Divestment to Fuel Growth
Unith Ltd (ASX: UNT) has taken a decisive step to bolster its cash position by partially divesting its stake in AI audio production company AudioStack for approximately US$500,000 (A$800,000). This move provides Unith with enhanced capital flexibility to invest in growth and development initiatives while maintaining a significant remaining investment valued at around US$1.54 million (A$2.49 million).
Despite the partial sale, Unith remains committed to AudioStack’s technology, renewing its partnership for another 24 months to continue integrating AudioStack’s AI audio capabilities within its Digital Human platform. This ongoing collaboration underscores Unith’s confidence in the technology’s commercial and strategic value.
Renewed Public Health Partnership and Expansion
Unith also secured a contract renewal with The Alliance for Public Health (APH), extending their collaboration on the TWIIN digital assistant project for another year. TWIIN, which supports healthcare delivery in crisis settings, has been recognized globally for its impact, including at the AIDS 2024 conference in Munich.
The renewed contract includes a transition to a self-service model with customer success support and a license-only arrangement for additional services. APH plans to expand TWIIN’s reach into Moldova and Georgia, incorporating multiple languages to better serve local populations. This expansion signals growing trust in Unith’s Digital Human technology as a tool for scalable, personalized healthcare support.
B2C Subscription Division Hits New Heights
Unith’s B2C subscription division marked a significant milestone in the December 2024 quarter, generating A$1.15 million in revenue, the highest quarterly figure in two years. The division now boasts over 700,000 active subscribers across the Asia-Pacific, Middle East and North Africa, and European markets.
Recent launches of localized apps such as BedtimeStories in Serbia, AI Travel in Slovakia, and Article+ in Romania demonstrate Unith’s strategic focus on regional market customization. These markets collectively represent an addressable audience exceeding 20 million users, positioning Unith for substantial growth.
General Manager Ivan Dumancic highlighted the role of in-house marketing in driving steady subscriber growth and expressed optimism about expanding Unith’s footprint in existing and new territories.
Growing Traction for interFace Platform
Unith’s self-service digital human platform, interFace, continues to gain momentum across diverse sectors including technology, education, and telecommunications. Since its launch in September 2024, the platform has attracted nearly 500 registered users and facilitated over 2,000 digital human creations, with more than 1,400 being conversational agents.
Conversations on the platform have surged by approximately 160% since July 2024, reflecting increasing adoption and engagement. This growth highlights interFace’s versatility and appeal as a scalable solution for businesses seeking interactive digital human technology.
Looking Ahead
Unith’s recent financial maneuvers and operational progress paint a picture of a company strategically positioning itself for accelerated growth. The partial divestment in AudioStack strengthens liquidity, while contract renewals and B2C expansion underscore the commercial viability of its digital human offerings. However, execution in new markets and sustained subscriber growth will be critical to maintaining momentum.
Bottom Line?
Unith’s strengthened cash position and expanding global footprint set the stage for a pivotal year ahead.
Questions in the middle?
- How will Unith deploy the capital raised from the AudioStack divestment to accelerate growth?
- What are the risks and opportunities in expanding the TWIIN digital assistant into new geographies?
- Can Unith sustain and build on its recent B2C subscription revenue growth amid increasing competition?