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Platformo Ltd (ASX:PFM)

ALERT: Price-sensitive ASX Announcement for PFM
Current share price for PFM : $0.015 -0.004 (-21.05%)+
Announcement
Release
30 Jul 2026 11:56AM
Price at Release
$0.019
Full Release
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Summary
Platformo Ltd released its Quarterly Activities Report for the period ending 30 June 2026, highlighting a decline in revenue for its subsidiary Biztrak Business Solutions due to decreased software training demand. Despite this, the company focused on product development and marketing strategies, with efforts in digital channels and exhibitions. Financially, the company experienced a net cash outflow of A$174k, ending the quarter with A$820k in cash. Corporate restructuring saw new appointments, and related party payments amounted to A$63k. The report underscores ongoing challenges and strategic priorities for future growth.
Key Points
  • Platformo Ltd presents its quarterly activities report for the period ending 30 June 2026.
  • Biztrak Business Solutions, a subsidiary, saw a 15% decline in revenue due to reduced demand for software training and services.
  • Cash collections fell by 25% compared to the same quarter in the previous year.
  • Net cash outflow for the period was A$174k, with ending cash and equivalents at A$820k.
  • Product development at Biztrak continued, focusing on enhancements and new integrations like Singapore InvoiceNow.
  • Marketing efforts were concentrated on digital channels and exhibitions such as MYLOG Expo 2026.
  • Corporate changes included a resignation and new appointments within the board and secretariat.
  • A$63k was paid to related parties as 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.