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FirstWave Navigates Q3 FY25 with Contract Wins and Cash Challenges
4:52am on Monday 2nd of June, 2025 AEST
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Technology
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FirstWave Navigates Q3 FY25 with Contract Wins and Cash Challenges
4:52am on Monday 2nd of June, 2025 AEST
Key Points
Annual Recurring Revenue (ARR) slightly declined by 1.5% to $8.03 million
Gross profit margin improved to 91%, up 9 percentage points from prior quarter
Cash reserves dropped to $0.55 million with normalized monthly cash burn at $220k
Major client contracts renewed with John Deere and Macquarie Cloud
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