Highlights

  • FirstWave announced the release of Open-AudIT 7 with an enterprise trial on 4 November 2026.
  • The company lodged an AI-related Patent application in September 2026.
  • FirstWave reported its FY27 first-quarter activities on 30 October 2026.
  • Its Telstra federal-government arrangement was extended in July 2026, maintaining a customer relationship.

FirstWave Cloud Technology Limited (ASX:FCT) is expanding its network software offering through a new Open-AudIT release while continuing product development and partner operations. The November launch of an enterprise trial follows an October Quarterly Report and earlier updates concerning intellectual property and a Telstra-related federal-government arrangement.

Open-AudIT Release Gives Users a New Trial Route

FirstWave announced Open-AudIT 7 on 4 November 2026, introducing an enterprise trial for its network discovery and audit software. The release is a confirmed product milestone rather than a forecast of future adoption.

The software is designed to help organisations identify and manage technology Assets and related network information. Making the enterprise version available for trial offers prospective customers a way to evaluate functions before entering a commercial arrangement.

AI Intellectual Property Forms Part of Product Work

In September 2026, FirstWave disclosed an AI patent filing. A patent application reflects a step in the intellectual property process and does not mean a patent has necessarily been granted.

The company’s wider software portfolio includes network management, auditing and associated monitoring capabilities. Technical Investment is therefore relevant to both the functionality of current products and potential new capabilities. Commercial outcomes depend on adoption and execution rather than the filing alone.

Telstra Arrangement Extends an Existing Relationship

In July 2026, FirstWave announced an extension of its Telstra federal-government agreement. The development maintains a customer relationship involving secure network services.

The signed extension and the Open-AudIT release represent different parts of the business: one is an existing services arrangement, while the other supports the software product portfolio. Management’s financial reporting is needed to determine how each contributes to Revenue in a given quarter.

Quarterly Report Provides the Operating Checkpoint

FirstWave issued its FY27 first-quarter activities report on 30 October 2026, following its FY26 preliminary report in August. The sequence allows the completed year to be distinguished from the first quarter of the subsequent financial period.

The company’s near-term priorities include commercialising enterprise software, maintaining partner relationships and refining its technology offering. Revenue and cash results should be tied to those formal filings; this article avoids introducing unverified figures not checked in original documents.

Outlook and Share Price

FirstWave shares were quoted at AUD 0.008 on 11 November 2026, unchanged, with a Market Capitalisation of approximately AUD 18.23 mn.