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Icetana AI Navigates Revenue Dip Amid New Contracts and Rights Issue
8:19am on Thursday 23rd of January, 2025 AEDT
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Technology
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Icetana AI Navigates Revenue Dip Amid New Contracts and Rights Issue
8:19am on Thursday 23rd of January, 2025 AEDT
Key Points
Annualised recurring revenue (ARR) declined 4% year-on-year to $1.7 million
Total quarterly revenue fell 80% year-on-year due to a large prior hardware sale
New purchase orders exceeding $500,000 secured from Asia Pacific customers
Fully underwritten $2.65 million rights issue launched, backed by major shareholder
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