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FirstWave Holds Steady with No Cash Burn and Major Contract Wins in Q2 FY25
7:03pm on Monday 2nd of June, 2025 AEST
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Technology
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FirstWave Holds Steady with No Cash Burn and Major Contract Wins in Q2 FY25
7:03pm on Monday 2nd of June, 2025 AEST
Key Points
No cash burn for two consecutive quarters, cash balance steady at $1.68 million
Major client contracts renewed with most including price uplifts
Launch of opHA Message-Bus product offering high availability and infinite scalability
Receipt of $1.16 million R&D tax offset supporting cash flow
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Firstwave Cloud Technology (ASX:FCT)
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