Swift TV Surpasses 4,300 Pre-Sales, Chevron Order Boosts Q2 Momentum

Swift TV’s Growing Enterprise Footprint

Swift TV Limited (ASX, STV) has delivered a strong second quarter, marked by significant contract wins and steady progress towards commercialising its flagship product, Swift TV. The company’s total pre-sales now exceed 4,300 devices, underscoring growing market acceptance across key enterprise sectors such as mining, oil and gas, and aged care.

A standout contract during the quarter was a 2,000-device order from Chevron for its Wheatstone Village, a major milestone that not only validates Swift TV’s enterprise platform but also sets the stage for recurring subscription revenues as those agreements are finalised. Alongside this, Swift secured five aged care providers, with 1,246 screens scheduled for activation by March 2026, highlighting the product’s appeal in a sector increasingly focused on technology-driven engagement solutions.

Product Innovation and IP Ownership

Swift TV’s development efforts continue apace, with $0.35 million invested in product development during the quarter. A notable strategic move was the acquisition of casting IP technology from a customer, which removes previous third-party licensing dependencies and consolidates Swift’s control over its software suite. This $0.3 million transaction was offset against debt, reflecting a savvy approach to managing capital while enhancing product capabilities.

The company’s user interface and experience have been co-developed with industry stakeholders, including aged care experts, earning a highly commended award at the Future of Ageing Awards. This recognition not only boosts Swift’s credibility but also signals the product’s potential to meet the nuanced needs of enterprise clients.

Financial Position and Outlook

Swift TV reported cash receipts of $4.37 million for the quarter, with a slight net operating cash outflow of $0.13 million, reflecting ongoing investment in growth and product readiness. The company raised $1.5 million through an equity placement and used part of these proceeds to repay $0.3 million in borrowings, maintaining a cash balance of $2.0 million at quarter-end.

Looking ahead, Swift remains on track for the commercial rollout of Swift TV in Q3 FY26, with installations scheduled to commence in March. The company plans to ramp up marketing and sales efforts to accelerate adoption across new industries and geographies, leveraging its scalable platform to drive recurring revenue growth and margin expansion.

Swift’s strategic focus on enterprise sectors with high-value contracts and its investment in proprietary technology position it well for a transformational year ahead, though execution risks remain around installation timelines and subscription finalisations.