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Excite Technology Services Limited (ASX:EXT)
ALERT: Price-sensitive ASX Announcement for EXT
Current share price for EXT : $0.006 0.001 (20%)+
Release
20 Aug 2026 12:33PM
Price at Release
$0.005
Full Release
Summary
Excite Technology Services Limited (ASX: EXT) announced significant achievements in sales performance and pipeline growth in June and July 2026, closing $3.122 million in sales predominantly from government entities. The company also reported substantial recurring revenue from the private sector and highlighted strong pipeline development. Emerging opportunities in AI-related cyber security, with a pipeline exceeding $200,000, are identified as key growth areas. Excite is exploring the convergence of AI, cyber security, and humanoid robotics as potential future markets. The company is moving towards profitability through strategic cost reductions and enhanced revenue visibility.
Key Points
- $3.122 million in total sales closed and won during June and July 2026
- Significant sales from Federal and State Government
- Recurring revenue from private sector customers
- Strong pipeline growth in government and private sectors
- Emerging AI cyber security opportunities exceeding $200,000
- Convergence of AI, cyber security, and humanoid robotics
- Operational cost reductions of approximately $5.5 million
- Progress towards profitability with increased revenue visibility
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.
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