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Activeport Group Ltd (ASX:ATV)

ALERT: Price-sensitive ASX Announcement for ATV
Current share price for ATV : $0.015 -0.004 (-21.05%)+
Announcement
Release
30 Jan 2026 4:49PM
Price at Release
$0.019
Full Release
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Summary
Activeport Group Ltd's Quarterly Activities Report for Q2 FY26 highlights stable group revenue, increased annualised recurring revenue, and significant software revenue growth. The company reduced its cash burn rate substantially and maintained a strong financial position with $5 million in available funds and no term debt. Business achievements focused on product capability enhancements and high-growth areas like GPU orchestration and network automation. The company secured new customers, including a major win in Thailand, and prepared for increased GPU shipments in Q3. Overall, Activeport is well-positioned for continued growth and expansion.
Key Points
  • Activeport Group Ltd reported in its Quarterly Activities Report for Q2 FY26.
  • Group revenue was stable despite a slight decline from Q1, with a new revenue from contracts initiated in December.
  • Annualised Recurring Revenue increased by 5% compared to the previous period, totaling $6.3 million.
  • Software revenue grew by 6% from Q1 FY26, indicating a strong foundation for future growth.
  • Cash usage reduced significantly from $500K per month in Q1 FY26 to $270K per month in Q2 FY26.
  • The company is well-funded with $5 million in available cash and no term debt, supporting new contracts through 2026.
  • Key business achievements include advancements in product capabilities and customer deployments, especially in high-growth areas such as GPU orchestration and network automation.
  • The company received $3.9 million from a placement and $1.4 million from R&D grants, improving the cash position.
  • Activeport's partnership with Radian Arc led to new customer wins in the GPU segment, with a significant project involving True Corporation in Thailand.
  • Approximately 200 GPUs were shipped in Q2, with a further 500 units planned for Q3 to meet growing demand in edge AI and cloud gaming.
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.