Ai-Media Technologies Ltd
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Ai-Media Technologies Ltd
Ai-Media Technologies Ltd. operates as a cloud-based technology platform which provides live and recorded captioning, transcription, subtitles, translation and speech analytics. The company is headquartered in North Sydney, New South Wales. The company went IPO on 2020-09-15. The firm provides live and recorded captioning, transcription and translation services. Its live captions services include streaming captions, captions (CART), zoom meetings, live broadcast captions, broadcast subtitles, audio description and note taking. The Company’s recorded captions products include closed captions, open captions, audio description, transcripts and subtitles. The company provides captioning for live and recorded media content, online events and Web streams. Its translation services include subtitles, live translations and document translation. The Company’s transcription services include audio transcription and media alternative transcript. Its technology platform combines artificial intelligence and human ability to deliver speech-to-text accuracy. The firm serves industries, such as broadcast, education, corporate and government.
Ai-Media Technologies Ltd. operates as a cloud-based technology platform which provides live and recorded captioning, transcription, subtitles, translation and speech analytics. The company is headquartered in North Sydney, New South Wales. The company went IPO on 2020-09-15. The firm provides live and recorded captioning, transcription and translation services. Its live captions services include streaming captions, captions (CART), zoom meetings, live broadcast captions, broadcast subtitles, audio description and note taking. The Company’s recorded captions products include closed captions, open captions, audio description, transcripts and subtitles. The company provides captioning for live and recorded media content, online events and Web streams. Its translation services include subtitles, live translations and document translation. The Company’s transcription services include audio transcription and media alternative transcript. Its technology platform combines artificial intelligence and human ability to deliver speech-to-text accuracy. The firm serves industries, such as broadcast, education, corporate and government.
Business Model Shift: Ai-Media has completed its transition from a human-interpreted service to a fully AI-native, annual recurring revenue (ARR) subscription platform, sunsetting the legacy services business at the end of December 2025.
ARR Growth: The company exited December with an ARR run rate of $30 million and targets $36 million ARR ($3 million per month) by June FY '26, up from $24 million the previous June.
SaaS Acceleration: SaaS revenue grew 61% on prior comparable period, driven by migration of services customers to LEXI products—not including LEXI Voice, which remains pre-revenue.
Hardware Model Change: Hardware revenue declined $4 million due to customers waiting for new AI-native encoders; the business is shifting hardware from upfront sales to a Hardware-as-a-Service (HaaS) subscription, with new launches slated for April 2026.
Margin Expansion: Technology revenue gross margins remain strong at 84%; professional services are being priced at 50% gross margin as part of the new commercial model.
Legacy Guidance Withdrawn: The company has withdrawn its previous FY '29 CEO aspirational targets and will now provide Board-approved, near-term guidance focused on ARR, ARR growth, ARR margin, and EBITDA expansion.
R&D Investment: $2.6 million was invested in pre-revenue product development in the half, including encoders, LEXI Voice, LEXI AI, and LEXI Recorded, with plans to increase R&D investment going forward.
Strong Cash Position: Cash balance increased to $16.7 million, with operating cash flow of $2.6 million and free cash flow of $2.4 million.
