Bridge SaaS Posts $2.4M Cash Receipts and $486K Quarter-End Balance
Bridge SaaS Limited reported a robust September quarter, buoyed by its majority-owned Brightside subsidiary's profitability and participant growth, while preparing to launch new NDIS services in New South Wales.
- Brightside achieves consistent profitability and participant growth
- Stable revenue supported by respite and in-home support services
- Bridge plans NDIS service launch in New South Wales next quarter
- Quarterly cash receipts total approximately $2.4 million
- Closing cash balance of $485,989 with positive operating cash flow
Brightside's Strong Performance Anchors Bridge SaaS
Bridge SaaS Limited (ASX, BGE) has delivered a solid September 2025 quarter update, driven primarily by the performance of its 51% owned subsidiary, Brightside Disability Support & Respite Pty Ltd. Brightside reported consistent profitability, stable revenue streams, and healthy cash reserves, underpinned by disciplined cost management and steady participant growth in southern Brisbane.
The company’s focus on respite and in-home support services continues to be the main revenue drivers, with utilisation rates holding firm. This operational stability has allowed Brightside to maintain positive cash flow and strengthen its balance sheet, positioning it well for sustained growth into the new financial year.
Strategic Expansion into New South Wales
Looking ahead, Bridge SaaS has finalized plans to launch a wholly owned NDIS service provider business in New South Wales. This strategic move aims to capitalize on the growing demand for disability support services in the state, with participant and revenue growth expected to materialize in the upcoming quarter. The expansion signals Bridge’s intent to broaden its market footprint beyond Queensland, leveraging its SaaS platform and operational expertise.
Financial Position and Cash Flow Highlights
During the quarter, Bridge reported cash receipts of approximately $2.4 million, including contributions from Brightside. The company ended the period with a cash balance of $485,989. Operating cash flow was positive, reflecting the company’s ability to generate cash from its core activities despite ongoing investments and operational expenses.
Payments to related parties, including directors’ fees and reimbursements, totaled $38,000 for the quarter, consistent with corporate governance expectations. The company did not report any new financing facilities or significant borrowings, maintaining a conservative financial posture.
Outlook and Market Positioning
Bridge SaaS is focused on scaling participant numbers, improving service efficiency, and expanding market share in both Queensland and New South Wales. The company’s integrated SaaS platform, designed to simplify compliance and data management for government-funded programs, remains a key competitive advantage as it navigates growth opportunities in the disability support sector.
While the company’s cash reserves are modest, the positive operating cash flow and strategic expansion plans suggest a cautiously optimistic outlook. Investors will be watching closely for the impact of the New South Wales launch and ongoing participant growth metrics in future updates.
Bottom Line?
Bridge SaaS’s next quarter will be pivotal as it seeks to translate its Queensland success into growth across New South Wales.
Questions in the middle?
- How quickly will the New South Wales NDIS service launch contribute to revenue and participant growth?
- What measures will Bridge implement to sustain profitability amid geographic expansion?
- How will Bridge manage cash flow and funding needs as it scales operations?
