Key Highlights

  • The company received $580,000 from customers in the September quarter and used a net $98,000 in operating activities.
  • Cash was $341,000 at 30 September, giving an estimated 3.48 quarters of funding with no Debt facilities.
  • Remote installations were completed at Mining operations in Queensland and Western Australia during the quarter.
  • FY26 Revenue fell to $1.71 million, with customer delays in installing equipment contributing to a loss of $458,246.

Constellation Technologies (ASX:CT1) sells Callisto, an Internet of Things (IoT) monitoring platform used for food safety and compliance, and its latest update shows the Business funding itself largely from customer receipts rather than new capital. Remote mining camps and aged care meal management are the areas it is highlighting.

According to its September quarter Appendix 4C, released on 30 October 2026, the company received $580,000 from customers and used a net $98,000 in operating activities, leaving cash of $341,000 at 30 September. That gives it an estimated 3.48 quarters of funding at the current rate of outflow, with no debt facilities and no Capital raised during the quarter.

What the company does

Constellation is a small, revenue-generating technology company based in Melbourne, with a Wholly Owned Subsidiary in India. It designs and builds both hardware and software, combining sensors and devices with its Callisto platform to monitor conditions such as food temperatures and support compliance records.

In the quarter, the company says it completed further remote installations at mining operations in Queensland and Western Australia. It also reports early customer interest in an aged care meal-ordering and dietary management product, and continued development of ingredient scanning designed to identify nutritional information and potential allergens. These are described as opportunities and development work; the company has not disclosed contract values for them.

The numbers

The Annual Report released on 28 August 2026 showed revenue of $1.71 million for the year to 30 June 2026, down from $1.81 million, and a loss of $458,246 compared with a small profit the year before. The company attributed the revenue fall to customer and supplier delays in installing equipment, and recognised $226,221 of contract liabilities, or deferred revenue, that it expected to recognise in the September quarter. The loss also reflected Impairment linked to retiring a handheld temperature device and higher delivery costs.

At 30 June 2026 the group had net Assets of $402,036 but a net current Liability position of $226,855. The directors prepared the accounts on a Going Concern basis.

In the September quarter, payments included $295,000 for product Manufacturing and operating costs, $194,000 for staff and $109,000 for administration. The company says some receipts were prepayments for installations due to begin in the December quarter. Related-party payments of $64,000 were salary-related payments to the chief executive, and no directors' fees were paid.

Sector context and risks

Food safety monitoring is a competitive niche in which customers often roll out installations site by site, so revenue can be lumpy and depends on installation timing, as FY26 showed. The company itself notes that converting its pipeline into sales growth in FY27 is not guaranteed.

Other risks include the small cash balance relative to quarterly costs, reliance on a limited customer base in mining and institutional catering, hardware Supply chains, and potential dilution if the company needs to raise equity.

Upcoming milestones

The Annual General Meeting is scheduled for 26 November 2026 as a virtual meeting. Resolutions include re-electing two directors, approving unlisted options for chief executive Kartheek Munigoti and a change of auditor.