archTIS Ltd has made broad progress in commercialising its data protection and integration solutions during the last half year period, securing a $2.3 million contract with the Australian department of defence and expanding other partnerships.
The company also improved its overall economic position, increasing annual recurring revenue by 11% compared to the prior corresponding period (pcp) to $4 million, increasing gross margins by 74% and reducing operating expenses by 9% to $3.4 million.
AR9 also launched a new product in the form of the archTIS Trusted Data Integration (TDI), expanding into a $474 billion market.
Trusted Data Integration product
archTIS’ new TDI product is a data solution for integrating, securing and governing sensitive and classified structured data from multiple sources and at scale and speed.
Described as “lightweight, fast and agile”, the company says its TDI product “complements the existing unstructured product offerings, NC Protect and Kojensi, enabling archTIS to now offer an end-to-end product suite for all data – structured and unstructured”.
The company also renewed a licence with the Australian Defence contract for Kojensi Enterprise deployed in a Top-Secret environment for a further 12-month period to share classified information.
In other contract wins, AR9 engaged with an Australian industry partner on a $700,000 services contract, including GST, to trial NC Protect through June 30, 2025, for existing clients with data-centric challenges stored and collaborated across the Microsoft365 suite.
Additionally, BAE Systems Maritime Australia procured additional services with archTIS to build a collaboration environment to facilitate sharing between industry and Defence.
As of December 2024, AR9 held the equivalent of $7.34 million in equity and cash equivalents of $2.33 million.