Latest Network Monitoring News

FirstWave Cloud Technology has secured an approximately A$1.06 million placement to fund sales conversion and the launch of Open-AudIT 7 and an AI fault-diagnosis product. The raise follows a sharp reduction in losses, positive operating cash flow and a lower cost base, but adds about 151.3 million shares to the register.

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.