Zimi Limited delivered a 142% increase in invoiced revenue for FY26 alongside a $1.56 million capital raise, securing its position in the expanding smart home market with new NDIS registration and an Amazon storefront launch.
- FY26 invoiced revenue up 142%
- Completed $1.56 million capital raise
- Approved as registered NDIS provider
- Launched Amazon storefront with Prime delivery
- Forward order pipeline stands at $469,000
Revenue Soars Amid Strategic Expansion
Zimi Limited (ASX:ZMM) has reported a striking 142% jump in invoiced revenue for the full year ended June 2026, reaching $1.98 million, up from $816,000 the previous year. Customer receipts also surged 120% to nearly $2 million, reflecting strong market traction for its IoT smart home products. The June quarter alone saw invoiced revenue of $172,000 and customer receipts of $230,000.
Capital Raise Fuels Product Launch and Growth
The company successfully completed a $1.56 million capital raise in two tranches during May and July, issuing nearly 390 million shares at $0.004 each. This fresh capital is earmarked to support the launch of Zimi's Senoa Matter product range, which continues through pre-production manufacturing with Zencontrol under a $4 million approved agreement. The capital raise bolsters the company’s runway amid ongoing negative operating cash flow, which was $425,000 for the quarter.
New Sales Channels and NDIS Provider Status
Zimi broadened its market reach by becoming an approved registered NDIS provider of assistive technology during the quarter. This opens access to three key segments: direct NDIS participants, occupational therapists, and the builder/developer channel, with initial efforts focused on educating occupational therapists and streamlining claims processes. Additionally, the company launched an Amazon storefront, enabling Prime next-day delivery across Australia and aiming to boost brand visibility through targeted promotions.
Order Pipeline and Cost Management
The forward order book stands at $469,000, including new purchase orders from Homecorp for the Cienna apartments project, which commenced this quarter. Zimi has also trimmed operating expenses, cutting staff costs by 4% and leased asset payments by 19% compared to the previous year’s quarter, demonstrating a focus on cost discipline amid growth initiatives.
Cash Flow and Related Party Transactions
Despite revenue growth, Zimi continues to operate with negative net operating cash flow, recording a $425,000 outflow this quarter. The company ended June with $452,000 in cash, supplemented by the subsequent tranche of its capital raise. Payments to related parties, including Zencontrol and GSM Electrical, were disclosed in line with existing manufacturing and distribution agreements, with cumulative transactions well within approved limits.
Positioning for the Matter-Driven Smart Home Market
CEO Jordan Tentori highlighted the company’s readiness to capitalise on the global shift toward the Matter connectivity standard, backed by tech giants like Apple, Google, Samsung, and Amazon. Zimi’s next-generation products are designed to align with this trend, aiming to capture a share of the rapidly growing smart home ecosystem. The combination of strong revenue growth, expanded sales channels, and new product development positions Zimi as a notable player in Australia’s IoT landscape.
Bottom Line?
Zimi’s robust revenue growth and capital raise provide a solid platform, but ongoing cash burn and market adoption of its Matter-based products will be critical to watch.
Questions in the middle?
- How quickly will revenue growth translate into positive operating cash flow?
- What impact will NDIS registration have on sales volumes and margins?
- Can the Amazon storefront meaningfully expand Zimi’s customer base beyond traditional channels?