IODM (IOD) Q1 2025 TU earnings summary

Executive summary

• Cash receipts rose 14.2% year-over-year to A$482k, with UK receipts up 88% to A$292k, driven by a new Convera agreement and onboarding of four additional UK universities.

• Expansion efforts included increased sales personnel in Australia/NZ and active presentations to US and Canadian universities.

• Completed A$1.7m capital raise to support global sales expansion and working capital.

Financial highlights

• Net cash operating outflows were A$1.062m, up 30.9% year-over-year, mainly due to sales team expansion.

• Cash and cash equivalents at quarter end were A$944k, up from A$282k in the previous quarter.

• Received A$504k R&D tax rebate immediately after quarter end.

Outlook and guidance

• Anticipates increased cash receipts and revenue in coming quarters from newly onboarded UK universities and the UK academic billing cycle.

• Expects accelerated domestic signings and continued international expansion, especially in North America.