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FirstWave Cuts Losses 84%, Eyes AI Compliance and Latin America Growth
4:43am on Saturday 30th of August, 2025 AEST
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Technology
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FirstWave Cuts Losses 84%, Eyes AI Compliance and Latin America Growth
4:43am on Saturday 30th of August, 2025 AEST
Key Points
Loss narrowed 84.4% to $3.6 million from $23 million
Revenue declined 22.5% to $8.7 million amid Telstra product exits
No impairment charges this year versus $20 million last year
Strategic focus on AI-powered compliance leveraging Open-AudIT user base
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Firstwave Cloud Technology (ASX:FCT)
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