London · Delayed Price · Currency is GBP · Price in GBX Cirata Earnings Call Transcripts
Fiscal Year 2026
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Positive cash flow achieved in Q1 FY 2026, driven by operational discipline and strong FY 2025 growth. Cirata Symphony is gaining traction in enterprise data orchestration, with improved KPIs and a robust pipeline expected to convert in H2.
Fiscal Year 2025
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Record bookings and cost reductions in FY 2025, highlighted by major contracts and the launch of a new data orchestration platform, position the business for sustainable growth. FY 2026 targets include cash flow positivity and continued expansion, despite lumpy enterprise sales cycles.
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Q3 FY25 saw strategic progress with the divestment of DevOps, cost reductions, and the launch of Cirata Symphony. Data integration bookings surged, highlighted by a record $3.1M contract, while cost discipline and a new CRO position the company for sustainable growth.
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Revenue grew over 40% and bookings rose 58% year-on-year, with sharp cost reductions and a halved adjusted EBITDA loss. Focus has shifted to data integration, supported by strategic divestitures and new leadership, with strong H2 growth and product expansion expected.
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Secured the largest contract in company history, validating product improvements and the IBM partnership. Cost reductions and strong Data Integration growth signal a shift from recovery to growth, with guidance withdrawn pending further updates.
Fiscal Year 2024
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Revenue grew to $3.4M in H1 with improved EBITDA loss and a 55% cost base reduction. Bookings guidance for FY 2024 is $13–$15M, with Q4 expected to be heavily weighted and a focus on profitable growth. Operating leverage and product-market fit validated by customer and partner feedback.