Highlights

  • Aeeris completed its exit from the Tomorrow.io reseller partnership and its non-core climate-science revenue stream.
  • Annualised recurring revenue reached $3,493,530, with fixed recurring revenue making up 91.5% of the total.
  • Cash stood at $1,019,957 with no debt, giving an estimated funding runway of 5.47 quarters.
  • Shareholders will consider the proposed Blue Horizon name at the annual general meeting, before a planned 30 November launch.

Out with the old. Aeeris (ASX:AER) has completed its exit from the Tomorrow.io reseller partnership and from its non-core climate-science revenue stream, and holds $1.02m of cash with no debt. A proposed new name, Blue Horizon, still awaits shareholder approval.

Exits Completed Under the New Dawn Strategy

The weather-intelligence and severe-weather warning business used its quarterly report for the period ended 30 September 2026 to confirm both exits. The company said they are consistent with its New Dawn strategy, which has moved from development to deployment. Nine customer solution bundles across five target segments have been finalised and are offered in Essential, Enhanced and Enterprise tiers.

Recurring Revenue and Revenue

Total annualised recurring revenue (ARR) was $3,493,530. The company said that was 1.4% lower than a year earlier and 9.1% lower than the June quarter, a fall it attributed mainly to removing the exited lower-margin revenue. Fixed recurring revenue was $3,197,802, up 7.2% on the prior corresponding period. Variable recurring revenue, from services such as SMS and post-event reporting, was $295,728 in what the company called a seasonally quiet quarter.

Average recurring revenue per customer was $21,173, up 10.0% on a year earlier but down from $23,730 at 30 June. Unaudited quarterly revenue was $975,191, up 10.0% on the previous quarter and 6.7% on the prior corresponding period. Contracts re-signed by transitioning customers go live in the second quarter of the 2027 financial year and are not included in the ARR figure. The company also reported $147,000 of new annualised recurring revenue from wins in renewables and data centres, plus a mining sector win.

Cash and Funding

Receipts from customers were $1,010,574 and payments to suppliers were $1,211,727. Net operating cash outflow was $186,508, including staff costs of $832,125 and income tax paid of $52,703. Investing outflow was $5,354, and there was no financing activity.

Cash at 30 September was $1,019,957, down from $1,211,820 at 30 June. The company attributed the fall to annual and periodic payments such as data acquisition renewals, ASX listing fees and bi-annual payroll tax. No new debt or equity was raised, and no facilities are drawn or available. On its Appendix 4C calculation, the estimated funding runway is 5.47 quarters at the current rate of operating outflow. Related-party payments were $39,590 for directors' fees and consultancy.

Platform, Certification and Rebrand

Several upgrades to the AWARE platform went live in August 2026, with customer migration starting in September. The company completed its ISO/IEC 27001:2022 recertification. From the 2027 financial year it will recognise unearned revenue adjustments monthly, so quarterly results will no longer include large half-year and year-end adjustments.

The proposed name Blue Horizon would unite the Aeeris and Early Warning Network brands. Shareholders are due to consider the change at the upcoming annual general meeting. A public launch with new collateral and a new website is scheduled for 30 November 2026, subject to that approval, so the proposal is not yet approved.

Outlook and Next Steps

The second quarter of the 2027 financial year marks the start of the severe weather season, historically a strong period for revenue. The sales pipeline grew late in the quarter, weighted towards the second and third quarters. Solar is named as a key growth segment, and the company said it would exhibit at the All-Energy event in Melbourne in October.

Stated priorities are to complete the commercial and technical repositioning, migrate transitioning customers to AWARE, convert contract-stage pipeline and launch the new brand and tiered solutions. The board's focus is on rebuilding higher-margin recurring revenue and achieving sustainable profitability, which the company has not yet reported.