Cipherpoint Ltd (AU:EXT) has released an update.
Excite Technology Services Limited has reported a solid financial year with customer receipts totaling $8.65 million, despite operating net cash outflows of $0.86 million due to growth investments, subsequently bolstering its cash position with a $1 million raise from investors. The company maintains strong customer retention, evidenced by significant project completions and renewed government contracts, while strategically focusing on expanding partnerships and developing comprehensive cyber security solutions. With a targeted approach to medium-sized enterprises and government agencies, and a commitment to strategic growth and skills development, Excite is positioning itself as a leading cyber security provider in Australia.
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