Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
Lithium
43.05
1.39%
Gold
2,762.20
1.01%
Copper
4.39
0.63%
Oil
72.24
2.48%
Bitcoin
67,434.22
0.11%
FTSE 100
8,306.54
(0.14%)
Nikkei 225
38,411.96
(1.34%)
Dow Jones
42,924.89
0.11%
Iron Ore
100.70
(1.08%)
USD/AUD
0.67
0.29%
Hang Seng
20,498.95
0.32%
FirstWave Cloud Technology (ASX: $FCT) reports being cashflow positive
- Author: Stock Piper
FirstWave Cloud Technology achieves cashflow milestone
FirstWave Cloud Technology (ASX:FCT), a global leader in network management and cybersecurity software, has reported being cashflow positive for the quarter ending 30 September 2024. The company witnessed a slight increase in its cash reserves, which stood at $1.679 million at the end of September, marking a significant improvement from the previous quarter's decline.
FirstWave's strategic developments and future outlook
FirstWave Cloud Technology made significant strides in the first quarter of FY25 by becoming cashflow positive, a notable turnaround from the previous quarter's cash reserve decline. Key factors contributing to this positive outcome include operational improvements, a strengthened contract with Microsoft, and an R&D offset grant. Since acquiring Opmantek and Saisei, FirstWave has focused on streamlining operations and enhancing high-margin revenue streams. Looking forward, the company aims to maintain this positive cashflow trajectory throughout FY25. Further insights will be shared during a shareholder webinar on 30 October 2024.
Executive insights on FirstWave's financial turnaround
The transformation of the company with a focus on high-margin revenues has been crucial. This quarter's results show the effectiveness of our operational improvements and strategic acquisitions.
FIRSTWAVE CLOUD TECHNOLOGY LIMITED
FCT | ASX | Information Technology
0.0270(+0%)
At close 21/10 (AEDT)
Market cap
$46.2M
Volume
178,654
DY Yield
PE Ratio
52 Week Range
0.008 - 0.051
1YR Return
N / A
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