archTIS Ltd (ASX:AR9, OTCQB:ARHLF) managing director Daniel Lai talked with Proactive’s Tylah Tully about the company’s latest quarterly update, key customer wins and future strategy.
Lai highlighted a $4.0 million IRR, a 12% increase over the previous comparative period, despite minor delays in renewals.
He also discussed significant new partnerships, including a $700,000 contract with Accenture for defence intelligence solutions and $300,000 in additional services with BAE.
The company has also seen strong retention, with some clients staying for over 10 years.
The quarter saw new personnel appointments with hires further validating archTIS’ industry standing.
A key highlight was archTIS’ positive net cash position of $2.6 million, supported by $3.6 million in customer receipts and an R&D grant.
The company finished the quarter with $6.1 million in available cash.
Lai also discussed archTIS’ binding term sheet to acquire Direktiv, a company specialising in automation and orchestration software.
He emphasised its role …