AR9 - archTIS Limited

[Dona Ferentes]

AR9 has made it to 20c, and held there for a week, but we shall see if that lasts. Volume of late has been low.

Quarterly out, and a retrace to 19c ; was aspiring to 23.5c earlier in the week.

• 60% or $7.5M expected minimum revenue growth ($4.65M prior)
• Cash receipts expected to be a minimum of $9.5M
• Monthly cash burn expected to halve in FY23 from prior year ($880k decreasing)

 

[Garpal Gumnut]

Quarterly out, and a retrace to 19c ; was aspiring to 23.5c earlier in the week.

• 60% or $7.5M expected minimum revenue growth ($4.65M prior)
• Cash receipts expected to be a minimum of $9.5M
• Monthly cash burn expected to halve in FY23 from prior year ($880k decreasing)

All is good.

Two quarters of funds left in the till.

gg

 

[Garpal Gumnut]

This little piglet has bounced 10% today on a massive $68,000 worth of trade.

The only announcement of note recently is a $430,000 "award" from the Dept of Health to assist in keeping their systems secure for 9 months.

I am told many Cosmetic GP's in the Eastern Suburbs of Melbourne bill Medicare for that in any 10 days leaving many matrons of the Barista City off kilter for the rest of their lives.

Is @Dona Ferentes still a free carrier ?

gg

 

[Dona Ferentes]

This little piglet has bounced 10% today on a massive $68,000 worth of trade.

The only announcement of note recently is a $430,000 "award" from the Dept of Health to assist in keeping their systems secure for 9 months.

Is @Dona Ferentes still a free carrier?

Dear Lord Garpal of Ross-side,
Aspiring to have both direction (upwards) and magnitude (170K), I prefer to think of myself as a vector rather than carrier.

 

[Garpal Gumnut]

Dear Lord Garpal of Ross-side,
Aspiring to have both direction (upwards) and magnitude (170K), I prefer to think of myself as a vector rather than carrier.

Akin to the Aedes of Marsh, there are many of AR9's ilk about, vectoring about.

Someone should make up a list of could be APPL's but probably never will be.

Perhaps the pizza munchers need somebody in there with an old Sharp Elsi-Mate to wake them up and dust off the surfaces.

gg

 

[Dona Ferentes]

• Cash Position $5.8M .
• Quarterly cash burn decreased 80.1% to $0.7M from $3.4M
• FY23 Outlook Confirmed
• Minimum 60% revenue growth
• $9.5M of cash receipts

may stave off need for more capital


Rise in data breaches and insider incidents provides increased awareness to Security vendors:

1. Employee or contractor negligence ... 56%
2. Criminal & malicious insider ............... 28%
3. Credential thief (imposter risk) .......... 18%

OUTLOOK
Minimum 60% year on year revenue growth (vs FY22), with current visibility for triple-digit growth
$9.5M minimum cash receipts ; Cash burn expected to halve (vs FY22)
Core growth margins expected to remain at ~70% ; Continued stabilization of operating expenses

 

[Dona Ferentes]

Now the question that needs to be asked: is it all worth it, getting involved with the bureaucracy?

archTIS has been contracted through KPMG Technologies to identify and manage risk processes, oversee the QA of architecture and design governance, and support the architecture design, governance and security accreditation process required to implement a secure data-centric architecture as part of the OneDefence Data Program.
This award is for the first Work Order for Tranche 1 of 1DDP Program for Provision of Design Authority coordination services and support. The total contract value is A$230,043 (incl-GST). The contract term runs until 16 December 2022.

Six weeks of work. A non Market Sensitive Announcement.

 

[Garpal Gumnut]

Now the question that needs to be asked: is it all worth it, getting involved with the bureaucracy?

archTIS has been contracted through KPMG Technologies to identify and manage risk processes, oversee the QA of architecture and design governance, and support the architecture design, governance and security accreditation process required to implement a secure data-centric architecture as part of the OneDefence Data Program.
This award is for the first Work Order for Tranche 1 of 1DDP Program for Provision of Design Authority coordination services and support. The total contract value is A$230,043 (incl-GST). The contract term runs until 16 December 2022.

Six weeks of work. A non Market Sensitive Announcement.

Woof woof.



gg

 

[Garpal Gumnut]

Does anyone know what's happening with this little yapper.

Have the Board and Executives bought suits and ties for photo ops yet or are they still Silicon/Nappa Valley laid back she'll be right look ?

gg

 

[Dona Ferentes]

I think it'll be my March comp tip.

 

[Dona Ferentes]

I think it'll be my March comp tip.

Yup. Can't help myself. Aedes of Marsh notwithstanding. (been stung before)

AR9 has promised, pretty please, to get the house in order. Closed at 10c, so not everyone is convinced. There is cash enough to last until the glorious announcements flow.

Going concern
The Group incurred a loss after tax of $4,642,476 (31 December 2021: $5,948,629) and had net operating cash outflows of $1,614,585 (31 December 2021: $4,807,348). A cash flow forecast has been prepared which indicates that the group has sufficient cash to meet its debts as and when they fall due and payable.

The directors believe it is reasonably foreseeable that the Group will continue as a going concern and that it is appropriate to adopt the going concern basis in the preparation of the financial report after consideration of the following factors:
• The Group is currently exploring sales opportunities with various potential customers across the Government and Private sectors;
• Following a successful capital raising in December 2022 of $2.2 million and the arrangement of short-term debt facilities of $1.5 million, the Group has available cash as at 31 December 2022 of $6.8 million; and,
• if necessary, the Company will consider additional capital raising activities through the issue of new share capital.

touch 'n go, though.

 

[Garpal Gumnut]

Yup. Can't help myself. Aedes of Marsh notwithstanding. (been stung before)

AR9 has promised, pretty please, to get the house in order. Closed at 10c, so not everyone is convinced. There is cash enough to last until the glorious announcements flow.

Going concern
The Group incurred a loss after tax of $4,642,476 (31 December 2021: $5,948,629) and had net operating cash outflows of $1,614,585 (31 December 2021: $4,807,348). A cash flow forecast has been prepared which indicates that the group has sufficient cash to meet its debts as and when they fall due and payable.

The directors believe it is reasonably foreseeable that the Group will continue as a going concern and that it is appropriate to adopt the going concern basis in the preparation of the financial report after consideration of the following factors:
• The Group is currently exploring sales opportunities with various potential customers across the Government and Private sectors;
• Following a successful capital raising in December 2022 of $2.2 million and the arrangement of short-term debt facilities of $1.5 million, the Group has available cash as at 31 December 2022 of $6.8 million; and,
• if necessary, the Company will consider additional capital raising activities through the issue of new share capital.

touch 'n go, though.

If it helps I'll buy the board and executives some suits from Lowes for the next Presentation, but only if it is tax deductible for me and I get a heads up on when it is next bound for 40c +

I do not hold.

gg

 

[Dona Ferentes]

Have the Board and Executives bought suits and ties for photo ops yet ...?

They may have to investigate hiring a tux!

ArchTIS today announced it is a Compliance & Privacy Trailblazer award finalist in the Microsoft Security Excellence Awards*. The company was honored among a global field of industry leaders that demonstrated success across the security landscape during the past 12 months.

*there are 11 award categories honoring partner trailblazers, solution innovators, customer and technology champions, and changemakers.

 

[Garpal Gumnut]

They may have to investigate hiring a tux!

ArchTIS today announced it is a Compliance & Privacy Trailblazer award finalist in the Microsoft Security Excellence Awards*. The company was honored among a global field of industry leaders that demonstrated success across the security landscape during the past 12 months.

*there are 11 award categories honoring partner trailblazers, solution innovators, customer and technology champions, and changemakers.

That's the problem.

Everyone has to win a prize these days, even if they are just champions at noughts and crosses.

gg

 

[frugal.rock]

And the participation award goes to the 10 cent brigade.
Chart update.

 

[Dona Ferentes]

AR9 had always claimed a "strong relationship" with Thales, but not so sure now...

• Tesserent has entered into a Scheme Implementation Deed with Thales Australia Holdings Pty Ltd, a wholly owned subsidiary of Thales, under which it is proposed that Thales Australia will acquire 100% of the share capital in Tesserent by way of a scheme of arrangement for $0.13 per share in cash.
• Cash consideration of $0.13 per share represents a significant premium of 165.3% to the last closing price of $0.049 per share.

 

[Dona Ferentes]

AR9 had always claimed a "strong relationship" with Thales, but not so sure now...

From AFR
- Chanticleer

How big French group made the most of cyber company’s ASX woes​

.
Thales Australia boss Jeff Connolly, a former Siemens executive, justifies the 165.3 per cent purchase premium by pointing to the growth he expects from Tesserent when it is part of the larger French-owned company.

He says Thales is big in cybersecurity (about $2.5 billion in annual sales) and it was a logical bolt-on for its Australian arm.
In particular, he reckons Tesserent can benefit from Thales Australia’s access to the Australian Defence Force and Department of Home Affairs, and pick more defence and border security-related work.

Project Apollo​

Thales mapped out Australia’s cybersecurity consultancy landscape and quickly realised there were only a handful of players of scale. Tesserent is arguably the No.2 player, trailing only private equity-backed CyberCX. Both Tesserent and CyberCX have been busy acquirers – Tesserent, for example, completed 13 acquisitions in the past few years – although had experienced some growing pains, Connolly said.
So Thales could make the most of Tesserent’s poor trading on the ASX and buy it, or try to build a business with similar scale. Connolly said it would be hard to get access to 500 cyber consultants any other way, given skills shortages in the new sector....

 

[Dona Ferentes]

Proof of Concept? ... Proof of Life? up a bit, now 8.1c

The Company has signed an agreement with the Australian Department of Defence to conduct a proof of concept to assist with modernising their workplace environment.

The Australian Department of Defence has signed a total contract value of A$4.06M, including GST, for software licences and services to conduct a proof of concept to modernise their workplace environment. archTIS will deploy NC Protect, Microsoft and third-party software products to evaluate their productivity, compliance and security gains for the Defence office environment and its users. Defence is an existing NC Protect client. This contract provides a new opportunity to demonstrate the product’s utility across a broader use case in Defence. The PoC will commence immediately and is expected to be completed by the end of the 2023 calendar year

 

[Dona Ferentes]

...picked up another contract, not ! because only small, but interesting. 11c

The Bank of Finland is the national monetary authority and central bank of Finland. It is a part of the Eurosystem, which is responsible for monetary policy and other central bank tasks in the euro area and administers the use of the world’s second largest currency – the euro. The Bank of Finland selected NC Protect to defend against insider threats in SharePoint 2019 and SharePoint SE.

Kurt Mueffelmann, Global COO & US President, said:

"We welcome the Bank of Finland as the newest NC Protect and NC Encrypt customer. Organisations, particularly across Europe, are increasingly looking for independent encryption key management for their Microsoft 365 applications and SharePoint on-premises environments to maintain digital sovereignty and add data-centric protection to combat insider threats. This is the driving requirement for both Bank of Finland and DHL, as well as other current opportunities in international markets.”

 

[Dona Ferentes]

Well, Erich von Garpalator, every hund must have its tag. ...would have done well in July comp!?

AR9 picked a speeding ticket .... a couple of non-sensitive contracts , and what have we got?

Cuidado con el perro (caliente)
Cudo