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Aeeris Ltd (ASX:AER)

ALERT: Price-sensitive ASX Announcement for AER
Current share price for AER : $0.055 -0.016 (-22.54%)+
Announcement
Release
30 Oct 2025 8:33AM
Price at Release
$0.071
Full Release
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Summary
Aeeris Ltd has reported a successful quarter with the launch of its proprietary AWARETM system, enhancing operational efficiency in severe weather risk mitigation. The company's revenues increased by 13% year-over-year, totaling $1,211,590, supported by a robust Annual Recurring Revenue of $3,541,706. Despite a net cash outflow from operating activities of $210,051, the company maintains a strong cash position with $1,069,610 at the end of the quarter. Key developments include a new partnership with Insurance Advisernet Australia and ongoing discussions with renewable energy organizations. Additionally, Aeeris underwent a leadership transition with the departure of Founder and CEO, Kerry Plowright.
Key Points
  • Successful launch of the AWARETM system.
  • Revenues increased by 13% year-over-year to $1,211,590.
  • Annual Recurring Revenue stands at $3,541,706.
  • Net cash outflow from operating activities was $210,051.
  • Cash position at the end of the quarter was $1,069,610.
  • Partnership with Insurance Advisernet Australia.
  • Discussions with major renewable energy organizations.
  • Leadership transition with the departure of Founder and CEO, Kerry Plowright.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.