Latest Network Monitoring News

FirstWave Cloud Technology has sharply reduced its FY26 loss and generated positive operating cash flow as network monitoring and Latin American revenue accelerated. But a $5.35 million net current asset deficiency, covenant breach and planned capital raise leave the turnaround dependent on continued execution.

FirstWave Cloud Technology has lodged a provisional patent for an AI-driven network monitoring system that promises automated, explainable root cause diagnosis, aiming to boost its fastest-growing revenue stream.

FirstWave Cloud Technology reported a 15.9% revenue decline and a 47.2% increase in net loss for H1 FY2026, driven by product discontinuations and restructuring costs. The company completed a $2.85 million equity raise and secured a $2.5 million loan facility to bolster liquidity.

FirstWave has unveiled a strategic shift towards AI-powered compliance management, backed by strong user growth for its Open-AudIT platform and significant cost savings from restructuring.