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Firstwave Cloud Technology Limited (ASX:FCT)

ALERT: Price-sensitive ASX Announcement for FCT
Current share price for FCT : $0.008 0.001 (14.29%)+
Announcement
Release
30 Jul 2026 12:06PM
Price at Release
$0.007
Full Release
download
Summary
FirstWave Cloud Technology Limited's FY26 Q4 Activity Report and Appendix 4C highlight a cash flow positive quarter with operating cash inflows driven by increased customer receipts and reduced costs. The company secured significant contracts, including a software agreement with Banobras and a substantial deal with Services Australia, both focusing on compliance management solutions. Additionally, a strategic partnership with ActivePort aims to enhance AI capabilities. The Telstra Secure Internet Gateway agreement was extended, reinforcing FirstWave's government ties. The report also signals strategic growth in compliance management and new market entry.
Key Points
  • FirstWave Cloud Technology Limited reported a cash flow positive quarter with an operating cash inflow of A$605k.
  • The company secured a two-year software subscription agreement with Banobras, valued at approximately A$350k.
  • FirstWave won a contract with Services Australia worth A$1.85m for its AI-powered compliance management software.
  • A partnership was announced with ActivePort Group Ltd to launch an 'AI Gateway' for secure, high-performance access to GPU compute.
  • FirstWave extended its Secure Internet Gateway agreement with Telstra for 12 months, continuing delivery to Commonwealth Government agencies.
  • Payments to related parties totaled A$30K, primarily comprising Directors’ fees.
  • The report highlights strategic momentum with compliance management products and entering new markets.
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.