Adveritas (AV1) Q3 2025 TU earnings summary

Executive summary

• Achieved record quarterly cash receipts of $3.96 million, up 129% year-over-year and 110% sequentially from the previous quarter.

• Generated positive operating cashflow of $544k, marking the first quarter of positive operational cash generation.

• Annualised recurring revenue (ARR) reached $8.7 million, 48% higher than the same quarter last year.

• Significant progress in sports betting, agency partnerships, and eCommerce verticals, with first agency contract signed and eCommerce revenues expected in the next quarter.

Financial highlights

• Cash receipts from customers increased 129% year-over-year and 110% quarter-over-quarter to $3.96 million.

• Total operating expenditure payments for the quarter were $3.4 million, consistent with prior quarters.

• Net cash from operating activities was $543k for the quarter.

• Cash and cash equivalents at quarter end were $3.36 million, up from $2.8 million in the previous quarter.

Outlook and guidance

• On track for record full-year results, with strong June quarter expected.

• eCommerce sector revenue anticipated to eventually surpass sports betting revenue.

• Continued expansion in sports betting and agency partnerships to drive growth.