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Urbanise Navigates Revenue Challenges Amid Contract Dispute and Banking Partnership Push
9:35am on Thursday 30th of January, 2025 AEDT
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Technology
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Urbanise Navigates Revenue Challenges Amid Contract Dispute and Banking Partnership Push
9:35am on Thursday 30th of January, 2025 AEDT
Key Points
H1 FY2025 license revenue up 2%, total revenue stable at $6.3m
Q2 FY2025 license revenue down 2.6% due to customer churn and Colliers dispute
Positive Q2 cash flow of $323k with closing cash balance of $2.7m
Ongoing contract dispute with Colliers Australia over $3m unpaid fees
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