Yojee Accelerates Growth with New Deployments and $2.6M Cash Reserve

Steady Transaction Growth Amid Seasonal Challenges

Yojee Limited (ASX: YOJ), a technology provider specializing in transport management software for contracted road carrier networks across the Asia Pacific, has reported encouraging progress in its December quarter (Q2 FY2025). Despite a traditionally quieter trading period, the company recorded a 27.46% increase in transaction volumes compared to the same quarter last year, reaching 174,659 transactions. This growth underscores the resilience and expanding footprint of Yojee’s Transport Carrier Management System (TCMS) among enterprise clients.

Successful Launch of Global Air in Singapore

A key highlight was the successful deployment of Yojee’s Global Air product in Singapore, which went live on December 1, 2024. This marked the first customer implementation managed by a Yojee partner, significantly reducing implementation costs. Early adoption has been solid, with transaction volumes for Global Air quickly reaching 1,332 in December alone, signaling strong market acceptance and potential for further expansion in the region.

MOSAIC Platform Gains Momentum

Yojee’s next-generation freight forwarding software, MOSAIC, continues to gain traction. The company has expanded its product team in Australia to accelerate development and commercialisation efforts, initially targeting the Australia and New Zealand markets. The recent #BePartOfSomething marketing campaign has generated significant interest, exceeding sign-up expectations and positioning MOSAIC as a compelling alternative for forwarders seeking innovative logistics solutions.

Financial Position and Operating Cash Flows

Financially, Yojee reported trade revenue of AU$165,000 for the quarter, with net operating cash outflows of $895,000. The company ended the quarter with a healthy cash balance of $2.63 million and no debt, providing a solid runway for ongoing product development and sales initiatives. While cash receipts declined 38% from the previous quarter, this was largely attributed to timing differences in receivables collection rather than a drop in underlying business activity.

Enterprise Pipeline and Market Expansion

Yojee’s enterprise sales pipeline remains robust, with several deals advancing to final-stage discussions. The company has refined its commercial model to incentivize volume growth, country expansion, and referrals, aiming to shorten the sales cycle. Additionally, Yojee is preparing to implement its TCMS at a larger mill site for Asia Paper and Pulp (APP) in Q3 FY2025, which is expected to boost transaction volumes and revenue further.

CEO’s Outlook: Optimism Amid Strategic Refinements

The CEO expressed strong optimism about Yojee’s future, highlighting improvements in sales methodology, team strength, and brand messaging. Expansion into previously underexplored markets and the elimination of non-commercial agreements are expected to enhance scalability. The CEO also praised the progress of the MOSAIC platform, emphasizing its innovative design and market-leading potential as the company prepares for its commercial launch.