HomeFinTechFamily Zone: Achieves record growth in September quarter

Family Zone: Achieves record growth in September quarter

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  • Cybersecurity company Family Zone (FZO) has achieved continued growth in the September 2020 quarter
  • Throughout the quarter, the company generated $4.4 million from customers and $2.5 million in annual contract value
  • It signed 704 new schools and 370,000 student licences, respective growths of 317 per cent and 355 per cent
  • At the end of the quarter, FZO had 2834 schools using its tech, of which 2447 are contracted and the remaining 387 trialling
  • The company now roughly services 2.5 per cent of the U.S. school district which spans across 37 states
  • Despite these results, Family Zone has dropped 7.69 per cent and shares are trading for 48 cents each
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