Technology

The board is weighing how to divide capital between growth investment, a prudent cash reserve and shareholder returns, and has made no decision.Optionsinclude a formal capital allocation framework with a minimum cash reserve and an on-market buy-back within the limit that does not require …

The geospatial software company, which sells cloud-based 3D digital twin and analytics tools to utilities, miners and engineering firms, also recorded a net operating cash inflow of A$0.55 million.

The company, which combines a digital publishing network with music technology platforms, said several major campaigns slipped from the September quarter into the December quarter, and that record Q2 revenue has already been booked.

The Qantas launch arrived alongside a September quarter in which the company reduced its cash burn but also recorded lower customer receipts, a combination management linked to a seasonally quiet period and the end of a large programme.

The raising follows aTrading haltrequested on 29 October 2026 and comes with the company's cash reserves reduced to about A$0.2 million at 30 September 2026.

Scott had taken on the executive chair role in October 2025, during a period of significant change at the business, and the board had said he would step back once a permanent chief executive was appointed.

The win arrived a week after the company, which trades as Excite Cyber, reported its strongest quarterly operating cash flow for the three months to 30 September 2026.