archTIS Records 58pc revenue increase in Q4
- archTIS (AR9) records a 58 per cent quarter-on-quarter increase in revenue to $1.4 million for the June quarter
- The software solutions company also delivered its largest-ever contract which was a $7 million deal to expand its Kojensi platform with the Australian Department of Defence
- The company had $6.6 million in available cash at the end of Q4 and expects at least $9.5 million in cash receipts for FY23 as well as at least a 60 per cent year-on-year increase in revenue
- In terms of expenditure, net operating outflows came to $3.2 million which is roughly in line with previous quarters in FY22
- AR9 shares are down 16.3 per cent to trade at 19.3 cents at 12:48 pm AEST
