archTIS reports record revenue growth and strong cash flow [Video]

archTIS Ltd (ASX:AR9) CEO Daniel Lai joins Proactive’s Tylah Tully to discuss its 2024 financial year, which was highly successful with the company reporting a 54% increase in revenue and a positive operating cash flow of A$1.6 million.
archTIS is known for its secure collaboration solutions for sensitive information and achieved record-breaking cash receipts of more than A$12 million, a 159% increase compared to 2023.
This growth was driven by significant increases in both licensing and service revenues, leading to a 79% rise in gross margin dollars and a gross margin percentage of 60%.
The company also surpassed A$4 million in annual recurring revenue (ARR) and reduced its annual operating expenses by 21%.
Key client wins, including contracts with the Australian Department of Defence, NATO and global defence suppliers, contributed to a net annual revenue growth of 104%. A strategic partnership with Microsoft further enhanced archTIS’s position, with the company being named a finalist in the Microsoft Security Excellence Awards 2024.
Lai expressed confidence in the company’s future, citing strong market demand and a robust pipeline of opportunities. Following the release of the financial report, the company’s shares rose almost 9% on the ASX.
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