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Excite Technology Services Limited (ASX:EXT)

ALERT: Price-sensitive ASX Announcement for EXT
Current share price for EXT : $0.005 0 (0%)+
Announcement
Release
31 Jul 2026 3:28PM
Price at Release
$0.005
Full Release
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Summary
Excite Technology Services Ltd reported significant financial improvements for the quarter ending 30 June 2026. Customer receipts increased by 24%, reaching $4.91 million, while net operating cash outflow reduced to $112K. Operating payments decreased by 16% to $5.02 million, reflecting successful cost reduction strategies. The company also managed to retire $577K in legacy taxation obligations and secure $315K from a loan facility. Post quarter-end, Excite raised $3.5 million through a placement to strengthen sales and market execution strategies. The IT & Managed Services, Cyber Security, and Digital Forensics and Training divisions collectively secured substantial new and recurring business, with the latter leading the group in contract value.
Key Points
  • Excite Technology Services Ltd reported customer receipts of $4.91 million for the quarter, up 24% from the previous quarter.
  • Net operating cash outflow reduced to $112K, compared to $2.01 million in the previous quarter.
  • Total operating payments decreased by 16% to $5.02 million.
  • The company retired $577K of legacy taxation obligations and drew $315K under an existing loan facility.
  • Excite raised $3.5 million through a placement after the quarter ended.
  • The IT & Managed Services division secured approximately $425K in new and recurring business.
  • The Cyber Security division secured approximately $220K in new and renewed engagements.
  • The Digital Forensics and Training division led with approximately $1.26 million in contracts and renewals.
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.