Archtis Ltd
ASX:AR9
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Archtis Ltd
archTIS Ltd. engages in the design and development of products, solutions and services for secure information sharing and collaboration. The company is headquartered in Barton, Australian Capital Territory. The company went IPO on 2018-09-21. The firm's data-centric information security solutions protect sensitive content in government, defense, supply chain, enterprises and regulated industries through attribute-based access and control (ABAC) policies. Its products include Kojensi, a multi-level security platform for the secure access, sharing and collaboration of sensitive and classified information; and NC Protect and the cp. suite of products for enhanced information protection for file access and sharing, messaging, e-mailing of sensitive and classified content across Microsoft 365 applications, Dropbox, Nutanix Files and Windows file shares. The firm also offers consulting and solutions services for secure information sharing and inter-organizational collaboration. The company partners with select complementary technologies to provide end-to-end information security solutions.
archTIS Ltd. engages in the design and development of products, solutions and services for secure information sharing and collaboration. The company is headquartered in Barton, Australian Capital Territory. The company went IPO on 2018-09-21. The firm's data-centric information security solutions protect sensitive content in government, defense, supply chain, enterprises and regulated industries through attribute-based access and control (ABAC) policies. Its products include Kojensi, a multi-level security platform for the secure access, sharing and collaboration of sensitive and classified information; and NC Protect and the cp. suite of products for enhanced information protection for file access and sharing, messaging, e-mailing of sensitive and classified content across Microsoft 365 applications, Dropbox, Nutanix Files and Windows file shares. The firm also offers consulting and solutions services for secure information sharing and inter-organizational collaboration. The company partners with select complementary technologies to provide end-to-end information security solutions.
ARR Growth: Annual Recurring Revenue (ARR) reached $16.3 million, up 308% year-on-year due to the Spirion acquisition, though it declined sequentially due to forecasted churn.
US DoD Progress: Major milestones achieved with the US Department of Defense, including completion of custom software development and the start of a 30-day production trial, a critical step toward large-scale licensing.
Strong Gross Margins: Maintained a gross margin of 76%, up from 73% last year, driven by a focus on software licensing over lower-margin services.
Cost Synergies Actioned: Workforce and cost realignment initiatives are expected to deliver over $4.5 million in annualized operating efficiencies.
Available Liquidity: Ended the quarter with $6 million in cash and $7 million in total available funds, not including an $8 million debt facility.
Strategic Focus: Company targeting cross-sell and upsell opportunities, especially in the US and Australia following the Spirion acquisition.
Platform Ambition: Executing on a strategy to move from best-of-breed solutions to an integrated data security platform, with a minimum viable product expected before year-end.
