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iCetana Limited (ASX:ICE)

ALERT: Price-sensitive ASX Announcement for ICE
Current share price for ICE : $0.048 -0.001 (-2.04%)+
Announcement
Release
20 Oct 2026 8:16AM
Price at Release
$0.049
Full Release
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Summary
icetana Limited’s September 2026 Quarterly Activities Report for Q1 FY27 states that the company increased annual recurring revenue to $3.1 million, up 19% quarter-on-quarter and 35% year-on-year, while total quarterly revenue rose to $838,000, up 29% quarter-on-quarter and 40% year-on-year, including $100,000 of non-recurring partner-funded security and compliance work; cash receipts from customers were $910,000, gross margin was 92%, and net ARR retention improved to 104%, supported by expansion from existing customers. The report highlights growing traction for Antara Core, including a third order from Millennium Services Group worth $675,000 over five years and the first commercial site going live during the quarter, with a second site in the same portfolio commencing licensing from 1 September 2026, alongside continued proof-of-concept conversions and renewals in Japan through Macnica and SoftBank Robotics. The company also reported multiple renewals across North America and Asia Pacific, product development progress including version 7.1 of its Safety & Security platform and work on SOC 2, NVIDIA support, and AI tool enhancements, while recording net operating cash outflow of $712,000 for the quarter and ending 30 September 2026 with $3.9 million in cash.
Key Points
  • Quarterly Activities Report and Appendix 4C for the quarter ended 30 September 2026, being Q1 FY27.
  • Annual recurring revenue increased to $3.1 million, up 19% quarter-on-quarter and 35% year-on-year.
  • Total quarterly revenue was $838,000, up 29% quarter-on-quarter and 40% year-on-year.
  • Revenue included $100,000 of non-recurring partner-funded platform security and compliance work.
  • Cash receipts from customers were $910,000, down from the prior quarter but up 133% year-on-year.
  • Gross margin was 92% and net ARR retention improved to 104%.
  • Antara Core recorded its third commercial sale in as many months through Millennium Services Group, worth $675,000 over five years.
  • The first commercial Antara Core site went live during the quarter, and a second site in the same shopping-centre portfolio began licensing from 1 September 2026.
  • The company reported ongoing traction in Japan through Macnica and SoftBank Robotics, including proof-of-concept conversions and contract renewals.
  • Multiple renewals were completed with existing customers across North America and Asia Pacific.
  • icetana AI released version 7.1 of its Safety & Security platform with usability, access control and AI monitoring enhancements.
  • The company began its SOC 2 attestation program targeting a SOC 2 Type 1 report by 31 December 2026.
  • Net operating cash outflow for the quarter was $712,000 and cash at 30 September 2026 was $3.9 million.
  • Total operating cash expenditure for the quarter was about $1.6 million, including $1.2 million in staff costs.
  • Payments to related parties totalled approximately $39,000 for salaries, superannuation and director fees.
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.