Cirata (CRTA) investor relations material

Executive summary

• Transitioned from a two-product company to a data orchestration business, focusing on growth and operational efficiency.

• Completed strategic divestment of DevOps assets/business, enabling focus on core Data Integration (DI).

• Launched Serata/Cirata Symphony, a new data orchestration platform, expanding the addressable market.

• Signed the largest direct data integration contract in company history, a $3.1m 3-year deal with a leading US insurer.

• Strengthened go-to-market execution with a new Chief Revenue Officer and improved sales pipeline.

Financial highlights

• Year-to-date DI bookings for Q3FY25 reached $3.4m, up 42% YoY, with Q1–Q3 FY25 bookings up over 40% YoY.

• Q3FY25 DI bookings were $0.3m, down 79% YoY due to timing of contract completions.

• Unaudited cash balance as of September 30 was $5.4m, with $0.3m in short-term receivables.

• Q3FY25 cash burn reduced to $0.8m, a 76% YoY decrease, with a sustainable cost base achieved for the first time since IPO.

• Cost realignment reduced annualized overheads to $12–13m, over 70% lower than peak levels.

Outlook and guidance

• Bookings expected to be back-end weighted, with early Q4 momentum from major contract wins.

• Management maintains FY25 outlook, expecting no further working capital required, supported by cost reductions and DI growth.

• Revenue progression likely to remain lumpy until a broader customer base is established.

• Management confident in demonstrating operating leverage and future growth.

• Cost base realigned to $12–13m annualized entering Q4FY25, supporting financial flexibility.