Business · Companies · 1 hr ago
Excite reports record quarterly operating cash flow
Excite Technology Services generated $1.33 million in operating cash flow in the September 2026 quarter, its strongest quarterly result on record.
The company provides cybersecurity, IT services and digital forensics, and has spent the past year cutting costs and reshaping its business.
Customer receipts rose 71% from a year earlier, while staff costs were 26% lower.
Cash reserves reached $3.98 million, up from $466,000 three months earlier, including support from a $3.5 million capital raising.
The improved cash flow suggests its turnaround is gaining ground and supports its aim of reaching consistent profitability.
Its Digital Forensics and Training division also expanded a Federal Government contract worth $3.2 million over 24 months, giving the company contracted work for the next two years.
Excite Technology Services reported $1.33 million in positive operating cash flow for the September 2026 quarter, its strongest quarterly result on record.
The result was a $3.23 million improvement from the previous quarter.
Customer receipts reached $7.2 million, up 71% year-on-year, while cash reserves rose to $3.98 million from $466,000.
The company said stronger customer demand and new government contract work supported its push for more recurring revenue.
Excite attributed its stronger cash position to improved operations and a $3.5 million capital raising completed during the quarter.
- Who
- Excite Technology Services, an Australian-listed cybersecurity, IT services and digital forensics company.
- What
- It reported record quarterly operating cash flow of $1.33 million.
- When
- The September 2026 quarter.
- Where
- Not stated.
- Why
- The company said stronger customer receipts, lower costs and a capital raising contributed to the improved cash position.
This story does not have two clearly opposing sides.
Excite began overhauling its business to cut costs while maintaining its ability to win new customers.
Excite generated $1.33 million in positive net operating cash flow and completed a $3.5 million capital raising.
- Quarterly operating cash flow
- $1.33 million positive in September 2026 quarter
- Improvement from previous quarter
- $3.23 million
- Customer receipts
- $7.2 million; up 71% year-on-year
- Cash reserves
- $3.98 million, compared with $466,000 three months earlier
- Capital raising
- $3.5 million during the September quarter
- Government contract
- $3.2 million over 24 months
What people are saying
The September quarter is an outstanding result and confirms that the strategy we set for ourselves is working.
This quarter we generated $1.33 million of operating cash flow, the strongest result in the company’s history and an improvement of more than $3.2 million on the same quarter last year.
Customer receipts were up 71% on the same quarter last year, delivered from a staff cost base 26% lower.