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FirstWave Navigates Q3 Cash Crunch with AWS-Backed Tech Push
4:52am on Monday 2nd of June, 2025 AEST
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Technology
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FirstWave Navigates Q3 Cash Crunch with AWS-Backed Tech Push
4:52am on Monday 2nd of June, 2025 AEST
Key Points
Cash reserves fell to $0.55 million, down from $1.68 million last quarter
Annualised Recurring Revenue declined 1.5% due to Telstra customer churn
Revenue excluding Telstra recharges rose 3.9%, gross profit margin improved to 91%
Secured fully AWS-funded agreement with Corent Tech to boost cloud service uptake
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