Adveritas (AV1) Q1 2027 TU earnings summary

Executive summary

• ARR reached $17.9m, up 47% YoY and 175% over two years, as customer diversification continued beyond sports betting and gaming.

• SME self-serve growth and expanded ChatGPT ad-fraud detection broaden TrafficGuard’s addressable markets; a post-quarter placement raised $2m before costs.

Financial highlights

• September-quarter customer receipts were $1.684m, up 11% YoY from $1.511m and down 21% QoQ, in line with expectations.

• Net operating cash outflow was $2.436m; quarter-end cash was $2.004m, down from $4.484m at quarter start.

• Operating expenditure payments were $4.113m; product, manufacturing and operating payments rose to $662k, while administration and corporate payments were $585k.

Outlook and guidance

• Outlook is supported by SME self-serve demand, potential partnerships for subscriber acquisition, ChatGPT capability commercialisation and continued customer diversification.

• Several large brand-name clients outside sports betting were in trial, with results described as positive; conversion would further expand US operations.

• Management expects placement proceeds and ordinary-course customer collections to support business objectives; stated focus is a strong December quarter.