InvestSMART

8Common Ltd (ASX:8CO)

ALERT: Price-sensitive ASX Announcement for 8CO
Current share price for 8CO : $0.039 0.013 (50%)+
Announcement
Release
29 Aug 2025 3:55PM
Price at Release
$0.026
Full Release
download
Summary
8Common Ltd's Annual Report for the financial year ended 30 June 2025 highlights several financial and operational developments. The company reported a total revenue of $7.3 million, a decline of 11% compared to FY24. Despite this, SaaS revenue increased by 14% to $5.1 million. The company made strides in improving its gross margin, which increased to 76.5% in Q4 FY25 from 58.4% in Q1. This was achieved through infrastructure and technology upgrades. The company also reported a significant reduction in net loss after tax, which was $794,000, improving from a $2.5 million loss the previous year. Key achievements during the year included expanding their flagship product Expense8 and onboarding new clients like the Australian Institute of Marine Science. The company also embedded AI across its operations, enhancing product development and business efficiency. Despite the challenges, including a temporary slowdown in business development due to the federal election, the company relies on strong contract renewals valued at over $4 million.
Key Points
  • Total revenue for FY25 was $7.3 million, down 11% from FY24.
  • SaaS revenue increased to $5.1 million, up 14% from FY24.
  • Gross margin increased to 76.5% in Q4 FY25 from 58.4% in Q1.
  • Net loss after tax was reduced to $794,000 from $2.5 million in FY24.
  • Embedded AI across operations to enhance product development and business efficiency.
  • Expanded flagship product Expense8 with new client acquisitions.
  • Business development momentum slowed pre-Federal Election but resumed post-election.
  • Total contract renewals valued at over $4 million.
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.