Key Highlights

  • Annual Recurring Revenue fell to $3.49 million at 30 September from $3.84 million three months earlier.
  • The exits removed about $509,000 of ARR, while former reseller customers signing direct contracts go live in the December quarter.
  • Cash of $1.02 million at 30 September with no Debt gives an estimated 5.47 quarters of funding.
  • Shareholders will vote on renaming the company Blue Horizon Intel Ltd at the AGM on 25 November 2026.

Aeeris (ASX:AER) owns Early Warning Network (EWN), which sells severe-weather detection, alerting and risk data to businesses and government on a subscription basis. Under executive chairman Henrik Thorup, appointed in April 2026, the company is pursuing a strategy it calls New Dawn. In the September quarter it exited a reseller Partnership with Tomorrow.io and stopped a non-core climate-science service.

Those exits explain the main number in its quarterly report, released on 28 October 2026. Annual recurring revenue (ARR) fell to $3.49 million at 30 September, from $3.84 million three months earlier. The company says the exits removed about $509,000 of ARR. Former reseller customers who have signed direct contracts on Aeeris's own AWARE platform are not yet counted in ARR because they go live in the December quarter. Shareholders will also vote on renaming the company Blue Horizon Intel Ltd.

The repositioning

Aeeris says the trade-off is lower reported revenue now in exchange for direct customer relationships at higher margins. Annual revenue per customer rose to $21,173, up 10% on a year earlier. Fixed recurring revenue was 91.5% of ARR. The company reports $147,000 of new annualised recurring revenue from the renewables and data-centre segments and a new Mining customer. It has also finalised nine solution bundles across five industry segments.

On 26 October Aeeris announced that ARRAY Technologies, a Nasdaq-listed maker of solar trackers, will use EWN as its hail-intelligence provider in Australia. EWN's alerts will feed ARRAY's automated SmarTrack system, which tilts solar panels into a protective position before hail arrives. No financial terms were disclosed, so the size of any revenue from the deal is unknown.

Revenue and cash

Unaudited quarterly revenue was $975,000, up 10% on the June quarter. For FY26, Aeeris reported revenue from ordinary activities of $3.82 million, little changed on FY25, and a net loss of $349,000, narrower than the previous year's $633,000.

The Appendix 4C shows $1.02 million in cash at 30 September and no debt. Customer receipts were $1.01 million, and the net operating outflow was $187,000, driven mainly by $832,000 of staff costs. The company estimates 5.47 quarters of funding. Aeeris attributes the quarter's fall in cash to annual payments such as data renewals, listing fees and payroll tax, and says no new debt or Equity was raised.

AGM agenda and corporate changes

The Annual General Meeting is at 4.00pm (AEDT) on 25 November 2026 in Sydney. Resolutions include the name change, performance rights and Options for Mr Thorup, and approval of additional Placement capacity. The extra placement capacity would allow a future share issue without a further vote, although no raising has been announced. On 9 November Aeeris said William Buck (NSW) had replaced MNSA as auditor following an internal review. Shareholders will be asked to confirm that appointment at the next AGM.

Risks

Australia's deployed solar capacity grew from under 350MW in 2017 to more than 13GW by the end of 2025, much of it in storm-prone regions. Aeeris, however, remains a small player in a market that includes global weather-data providers. Its specific risks are that re-signed and new contracts may not offset the exited revenue, its reliance on a small and seasonal base of variable revenue, and possible dilution if the new placement capacity is used. The December quarter report, which will be the first to include the re-signed direct contracts in ARR, is the next test of the strategy.