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Excite Technology Services Limited (ASX:EXT)

ALERT: Price-sensitive ASX Announcement for EXT
Current share price for EXT : $0.006 -0.004 (-40%)+
Announcement
Release
31 Oct 2025 12:13PM
Price at Release
$0.010
Full Release
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Summary
Excite Technology Services Limited reported a strong quarterly performance for the period ending 30 September 2025, with customer receipts increasing by 140% to $4.2 million compared to the previous period. The company achieved over $7.1 million in new sales during September, with significant contributions from federal, defense, and industry customers. The NANGU Tactical Centre became operational, engaging with federal agencies and industry partners. Excite secured $2.1 million in funding through convertible notes to institutional investors, aiming to support operational efficiencies and cash-flow targets. The company closed the quarter with $1.2 million in cash and equivalents, alongside $315K in standby facilities and $5.8 million in receivables. The company's strategic focus includes scaling its cyber, IT, and forensic services, particularly within the mid-enterprise market in Australia, which is valued at over $200 billion annually.
Key Points
  • Customer receipts of $4.2 million, a 140% increase from the previous period.
  • Over $7.1 million in new sales secured in September.
  • Operational commencement of NANGU Tactical Centre.
  • $2.1 million raised through convertible notes from institutional investors.
  • Closing cash position of $1.2 million with $315K in standby facilities.
  • Strategic focus on scaling cyber, IT, and forensic services.
  • The mid-enterprise market in Australia is valued at over $200 billion annually.
  • Net operating cash outflows of $1.90 million due to investment in growth.
  • Record sales performance across the Group.
  • Engagements in federal, defense, and industry sectors.
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.