Unith’s Cash Boost and R&D Validation Set Stage Amid Operational Scaling Challenges
Unith Ltd has reported its strongest quarterly revenue in two years, driven by its B2C subscription division and strategic partnerships, while advancing its Digital Human technology and expanding into new markets.
- B2C subscription revenue hits A$1.15 million, highest in two years
- 700,000 active subscribers across APAC, MENA, and EU regions
- Renewed contract with Alliance for Public Health expanding digital assistant services
- Partial divestment in AudioStack boosts cash reserves by A$800k
- Achieved Spanish Government R&D validation, unlocking tax benefits
Robust Revenue Growth in B2C Subscription Division
Unith Ltd (ASX: UNT) has delivered a standout performance in the second quarter of fiscal 2025, with its B2C subscription division generating A$1.15 million in quarterly revenue, the highest in two years. This surge is underpinned by a subscriber base exceeding 700,000 active users spanning the Asia-Pacific, Middle East and North Africa, and European markets. The company’s localized app launches in Slovakia, Romania, and Serbia have notably expanded its geographic footprint to 36 countries, tapping into a combined addressable market of over 20 million users.
Advanced AI-driven personalization and enhanced localization features have driven higher user engagement and premium conversions, reflecting Unith’s strategic focus on tailoring digital human experiences to diverse regional preferences. Investments in server infrastructure upgrades during the quarter underscore the company’s commitment to supporting its growing user base and ensuring seamless service delivery.
Digital Human Technology Gains Momentum
Unith’s Digital Human Technology division continues to gain traction, with its self-service platform, interFace, registering over 400 users and a remarkable 1,600% increase in facilitated conversations compared to the prior year quarter. The deployment of the Infrastructure 2.0 initiative has enhanced system scalability, fault tolerance, and security, laying a robust foundation for future growth.
Lead generation efforts yielded over 500 new leads and 140 product demonstrations, while the development of a Digital Human to assist with lead qualification aims to address sales capacity constraints and scale outreach. The company now supports more than 2,300 live digital humans, many monetized through its subscription services, directly contributing to top-line revenue.
Strategic Partnerships and Financial Strengthening
Unith renewed its contract with the Alliance for Public Health (APH), supporting the expansion of the TWIIN digital assistant into Moldova and Georgia, with multilingual capabilities in Russian, Romanian, and Georgian. APH’s endorsement highlights TWIIN’s impact in crisis healthcare delivery, with over 38,000 visits facilitated since launch and recognition at the AIDS 2024 conference.
Financially, Unith strengthened its cash position through a partial divestment of its stake in AudioStack, raising approximately A$800,000. Despite this divestment, the company maintains a strategic partnership with AudioStack, continuing to integrate its AI audio technology within Unith’s Digital Human platform.
Innovation Validated by Government Support
In a significant milestone, Unith secured Research and Development validation from the Spanish Government, resulting in a net return exceeding A$270,000 for the 2023 fiscal year. This recognition not only affirms the innovative nature of Unith’s technology but also provides a valuable financial incentive expected to continue in future years.
Looking ahead, Unith’s leadership expresses optimism about the potential of agentic Digital Humans to revolutionize industries such as healthcare and education, positioning the company at the forefront of AI-driven customer engagement and problem-solving solutions.
Bottom Line?
With record revenues and strategic expansions, Unith is poised to accelerate its digital human innovation and market penetration in FY25.
Questions in the middle?
- How will Unith sustain subscriber growth amid increasing competition in AI-driven digital human platforms?
- What impact will the partial divestment of AudioStack have on Unith’s long-term technology roadmap?
- Can the company leverage its R&D validation to secure further government incentives or partnerships?
