Highlights

  • Customer receipts reached A$580k in the Sep-2026 quarter, including prepayments for installations starting in the December quarter.
  • FY26 Revenue eased 5% to A$1.71 million, while platform and subscription revenue grew 22% to A$856,454.
  • The company posted a FY26 loss after tax of A$458,246, compared with a small profit in FY25.
  • Shareholders will vote on director re-elections, chief executive Options and an auditor change on 26 November 2026.

Cash collected in the September quarter is running ahead of reported revenue at Constellation Technologies Limited (ASX:CT1), as customers prepay for Callisto installations scheduled to begin in the December quarter.

The Internet of Things and digital compliance business, which designs both software and custom hardware, has argued that its FY26 accounts understated customer activity because a portion of equipment revenue was deferred into the new financial year.

Deferred Revenue Shapes the FY26 Result

Revenue from continuing operations fell 5% to A$1.71 million in the year to 30 June 2026, and the company swung to a loss after tax of A$458,246 from a profit of A$9,521 in FY25. Hardware sales declined to A$472,263, but platform and subscription revenue rose 22% to A$856,454, lifting the recurring share of the business.

Customer receipts for FY26 were A$2.06 million, higher than reported revenue. The Balance Sheet carried A$226,221 in deferred revenue at 30 June 2026 for equipment paid for but not yet installed, which the company expects to recognise in the first quarter of FY27. The directors also cited a A$72,558 Impairment of a retiring handheld temperature device and higher hardware, software and labour costs.

Callisto Extends From Food Safety to Nutrition

Callisto supports oversight of geographically dispersed facilities, with a focus on food safety, compliance and operational efficiency. During the Sep-2026 quarter, the company completed additional remote installations at Mining operations in Queensland and Western Australia and received early customer interest in its aged care meal-ordering and dietary management solution.

Development also advanced on ingredient scanning to identify nutritional information and potential allergens, which management sees as a route into nutritional management.

Cash Flow Steady in the September Quarter

Receipts of A$580k covered most operating costs, leaving net operating cash outflow at A$98k. Cash ended the quarter at A$341k, down from A$442k, equal to about 3.48 quarters of funding at the latest outflow rate. The company has no financing facilities and raised no Equity or Debt during the quarter.

Related-party payments of about A$63k were salary payments to chief executive Kartheek Munigoti.

Outlook: Execution and Scale in FY27

Munigoti has set FY27 priorities around execution and scale, including hardware reliability, Supply chain strength, simpler deployments, a larger installed base and Recurring Revenue growth. Management plans to deepen penetration of existing mining customer networks, pursue additional sites and broaden aged care and healthcare deployments. The directors have stated that pipeline conversion and sales growth in FY27 are not guaranteed, so the company will continue to operate conservatively.

The virtual Annual General Meeting on 26 November 2026 will consider the re-election of Leath Nicholson and Zhigang Zhang, the issue of 10 million zero exercise price options to Munigoti subject to performance conditions, and the appointment of Horizon Nexus (Qld) Audit as auditor.

Shares were unchanged at A$0.003 on 2 November 2026, giving a Market Capitalisation of about A$3.72 million, and were up 25% over 12 months.