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Why Is FirstWave’s Loss Surging Despite a $2.85M Capital Raise?
9:02pm on Friday 27th of February, 2026 AEDT
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Technology
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Why Is FirstWave’s Loss Surging Despite a $2.85M Capital Raise?
9:02pm on Friday 27th of February, 2026 AEDT
Key Points
Revenue down 15.9% to $3.8 million
Net loss increased 47.2% to $3.02 million
Telstra product discontinuations reduced recurring revenue
Restructuring costs of ~$700,000 incurred, targeting $450,000 quarterly savings
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FIRSTWAVE CLOUD TECHNOLOGY (ASX:FCT)
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