InvestSMART

Platformo Ltd (ASX:PFM)

ALERT: Price-sensitive ASX Announcement for PFM
Current share price for PFM : $0.015 -0.016 (-51.61%)+
Announcement
Release
30 Apr 2026 2:28PM
Price at Release
$0.031
Full Release
download
Summary
Platformo Ltd reported its quarterly activities and cash flow for the period ending 31 March 2026. The company, through its entity Biztrak Business Solutions, faced a slight decline in revenue to RM502k (AUD182k) compared to the previous quarter. Cash collections were stronger at RM576k (AUD207k), although still below the previous year's corresponding quarter. Biztrak redirected focus towards customized training and version upgrades to maintain client engagement amid reduced demand for e-Invoicing services following regulatory changes in Malaysia. Significant product development was noted across various platforms with enhancements aimed at improving security and performance. The company actively engaged in marketing efforts, resulting in increased online inquiries that are expected to convert to future revenue. Participation in the upcoming MyLOG Expo 2026 is anticipated to enhance visibility and generate leads. The overall cash outflow for the quarter was AUD88k, with the company holding AUD996k in cash at quarter's end. The report also detailed payments to related parties and outlined available funding for future operations.
Key Points
  • Slight revenue decline in Biztrak's operations for March 2026 quarter.
  • Cash collections were RM576k (AUD207k), below the previous year's quarter.
  • Biztrak focused on customized training and version upgrades.
  • Product development included security and performance enhancements.
  • Increased online inquiries expected to convert to future revenue.
  • Upcoming participation in MyLOG Expo 2026 to boost visibility.
  • Net cash outflow of AUD88k; cash reserves at AUD996k.
  • Payments to related parties amounted to AUD62k.
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.