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8Common Ltd (ASX:8CO)

ALERT: Price-sensitive ASX Announcement for 8CO
Current share price for 8CO : $0.024 -0.009 (-27.27%)+
Announcement
Release
23 Oct 2025 9:47AM
Price at Release
$0.033
Full Release
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Summary
8Common Ltd reported a net operating cash inflow of $55,000 in the first quarter of FY26, ending 30 September 2025. The company recorded total revenues of $1.7 million, with transaction and recurring SaaS revenue up 8% from the previous year at $1.29 million. The gross margin for the quarter stood at 70%, aided by a stable cash position of $0.1 million supported by a $1.5 million loan facility. The NSW Department of Education renewed its $1.56 million contract with 8Common, and the company expanded its partner network to seven partners, including Callida and GreenCloud. Cost reductions of 38% were achieved, driven by a 45% cut in administration and corporate expenses. The CardHero product maintained positive cashflow and contributed $118,000 in revenue for the period.
Key Points
  • 8common achieved a net operating cash inflow of $55,000 for the quarter ending on 30 September 2025.
  • Total revenue for 1Q FY26 was $1.7 million, with transaction and recurring SaaS revenue amounting to $1.29 million, which is an 8% increase compared to the previous corresponding period.
  • The company's gross margin for the quarter was approximately 70%.
  • 8common's cash position as of 30 September 2025 was $0.1 million, supported by a $1.5 million loan facility, with $50,000 repaid during the quarter.
  • The NSW Department of Education renewed its contract with 8common for a 2-year fixed term, valued at $1.56 million with potential extensions increasing the total contract value to $3.54 million including GST.
  • The company expanded its partner network with the addition of Callida and GreenCloud, raising the total number of partners to 7.
  • Total costs were reduced by 38% compared to the previous corresponding period, mainly due to a 45% reduction in administration and corporate costs.
  • 8common's ARPU for the quarter was $28.06, with a stable user base of 183,000.
  • The CardHero product contributed $118,000 in revenue during the quarter and continues to operate cashflow positive.
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.