Highlights

  • Beonic reported AUD 4.4 mn in September-quarter recurring revenue, an increase of 2.3% year on year.
  • The company launched its Vision platform commercially across Australia, South Africa, the United Kingdom and United States.
  • Beonic recorded AUD 3.5 mn in customer renewals across 18 customers during the quarter.
  • September-quarter EBITDA reached AUD 0.9 mn with a gross Margin of 83.0%.

Beonic Limited (ASX:BEO) is expanding its Vision analytics platform across international markets while maintaining recurring customer relationships. Its September-quarter results combine a new product rollout, contract renewals and improved gross margin, giving investors a clearer view of both technology adoption and operating performance.

Vision Moves From Development to Deployment

Beonic's September-quarter report describes the commercial rollout of Vision, an analytics platform that can use existing venue camera infrastructure. The software is intended to help airports and retailers understand visitor movement and operational patterns.

Vision was commercially launched in April 2026 and reached paying customers in Australia, South Africa, the United Kingdom and the United States. The company connected the platform at a major US airport and began a 250-camera evaluation with a transport authority.

Recurring Revenue and Customer Renewals

During Q1 FY27, Beonic recorded AUD 4.4 mn in recurring revenue, up 2.3% from the comparable period. Exit annual Recurring Revenue was AUD 17.3 mn; on a constant-currency basis, management reported AUD 17.9 mn.

The company secured AUD 3.5 mn in renewals across 18 customers, including international airports and property-related clients. New contracts and expansions totalled AUD 0.5 mn across 16 customers, a separate measure from recurring revenue.

Profitability and Gross Margin

Beonic reported quarterly revenue of AUD 5.6 mn and unaudited EBITDA of AUD 0.9 mn, representing a 15.1% margin. Gross margin rose to 83.0%, compared with 78.2% in the prior comparable quarter.

These figures concern the September 2026 quarter. For FY26, the company separately reported AUD 23.25 mn in statutory revenue and AUD 4.0 mn in EBITDA, underscoring why the different reporting periods must not be conflated.

Pipeline and Operational Priorities

Management intends to expand Vision adoption and convert its qualified commercial pipeline while maintaining focus on customer renewals and service execution. The company is also progressing projects in the international airport market, including work associated with Morocco.

Beonic was quoted at AUD 0.075 on 11 November 2026, with a Market Capitalisation of approximately AUD 7.91 mn. The market quote does not guarantee future contract conversions.