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Urbanise Navigates Revenue Challenges Amid Contract Dispute and Banking Partnership Push

9:35am on Thursday 30th of January, 2025 AEDT 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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