Key Highlights

  • icetana AI (ASX:ICE) is trading at AUD$0.038 during the 13 August 2026 session as the market assesses its latest quarterly operating performance.
  • Annual Recurring Revenue reached AUD$2.6 million at 30 June, representing 33% year-on-year growth, while quarterly revenue increased 37% year-on-year to AUD$648,000.
  • The company secured its first commercial Antara Core orders worth AUD$617,000 over five years and signed a North American distribution agreement with SoftBank Robotics America.
  • Net operating cash outflow fell to AUD$134,000 for the June quarter, while cash at quarter-end stood at AUD$4.8 million.

icetana AI (ASX:ICE) share price jumps 11.76% to AUD$0.038 during the 13 August session, with investors assessing the company's latest operating figures following its June 2026 quarterly report. The security software developer reported higher recurring revenue, quarterly sales and customer cash receipts, alongside a substantial reduction in net operating cash outflow.

Annual recurring revenue reached AUD$2.6 million at 30 June, up 33% from a year earlier. Quarterly revenue was AUD$648,000, representing 37% year-on-year growth and a 7% increase from the preceding quarter.

Recurring Revenue Remains a Central Metric

The increase in ARR provides an important measure of icetana AI's subscription and contracted revenue base. ARR increased 1% during the June quarter and 33% over the year, while net ARR retention stood at 100%.

The company develops self-learning AI software for large-scale surveillance networks and security operations centres. Its technology is designed to identify unusual or potentially dangerous events across large numbers of camera feeds without requiring operators to manually configure individual detection rules.

The company's technology is deployed across more than 70 sites, 19,000 cameras and 15 countries, according to its quarterly report.

Antara Core Adds a New Commercial Product

A key development during the quarter was the first commercial deployment of Antara Core, icetana AI's on-premise AI platform. Two orders from Australia-based Millennium Services Group totalled AUD$617,000 over five years.

The deployment represents the company's first commercial sale of its floor-hazard and slip-and-fall detection capability. Antara Core is designed to operate on customer premises, expanding icetana AI's product offering beyond its existing deployment model.

Technology performance also advanced during the quarter. The company reported a 75% reduction in latency on its latest-generation GPUs and approximately 50% greater camera capacity per server following model quantisation.

SoftBank Robotics Partnership Expands

icetana AI signed a distribution agreement with SoftBank Robotics America during the quarter, extending its global partnership into North America. The agreement represents the fifth regional arrangement under the wider SoftBank Robotics relationship.

The company also reported continued progress in Japan, where SoftBank Robotics has increased icetana AI's ARR to approximately AUD$680,000 during its first year as exclusive distributor. This included a AUD$250,000 order from Tokyo Stock Exchange-listed Reliance Service Corporation.

The partnership network has become an important channel for market expansion, with icetana AI also reporting activity through partners in Australia, New Zealand, wider Asia-Pacific, Japan and the Middle East.

Cash Receipts Improve During the Quarter

Cash receipts from customers reached approximately AUD$1.4 million during the June quarter, compared with AUD$211,000 in the previous quarter and approximately AUD$1.25 million in the corresponding period.

Net operating cash outflow was AUD$134,000, substantially lower than the AUD$1.2 million reported for the March quarter. For the 12 months ended 30 June, average net operating cash outflow was approximately AUD$245,000 per month.

The company's cash balance stood at AUD$4.8 million at the end of June. Quarterly operating expenditure totalled approximately AUD$1.5 million, including AUD$1.1 million in staff costs, AUD$294,000 in operating and Research and Development expenditure, AUD$91,000 in sales and Marketing and AUD$57,000 in administration and corporate costs.

Product Development Broadens AI Detection Capabilities

During the June quarter, icetana AI added detection categories covering aggressive behaviour, obscured faces, raised hoods and shoplifting indicators. The company also introduced explainability previews intended to give security operators additional context around detected events.

Its machine-learning pipeline was expanded with data-labelling and human-review tools designed to support ongoing measurement of detection quality. The company also developed packaged hazard detection capabilities and continued work on its next consolidated Antara platform release.

The technology roadmap includes support for NVIDIA Blackwell GPUs, improvements to the Watch Agent and interoperability between platform components.

Conclusion

icetana AI (ASX:ICE) enters the 13 August Trading session with its operating profile increasingly centred on recurring revenue growth, commercial expansion and product development. ARR has reached AUD$2.6 million, quarterly revenue increased year-on-year and customer cash receipts rose materially from the preceding quarter. The launch of Antara Core and the expansion of the SoftBank Robotics distribution relationship provide additional routes to market, while lower quarterly operating cash outflow and an AUD$4.8 million cash balance provide the current financial backdrop. The company's next phase will depend on converting its expanding partner network, product capabilities and customer deployments into sustained recurring revenue and cash generation.