Icetana (ICE) Q1 2027 TU earnings summary

Executive summary

• ARR reached $3.1m at 30 September 2026, up 19% QoQ and 35% YoY; quarterly revenue was $838k, up 29% QoQ and 40% YoY.

• Antara Core recorded its third commercial order in three months, and its first commercial site went live during Q1 FY27.

• Net operating cash outflow was $712k for the quarter; closing cash was $3.9m.

Financial highlights

• Q1 FY27 revenue was $838k, including $100k of non-recurring partner-funded platform security and compliance work.

• Customer cash receipts were $910k, down 37% QoQ from a prior quarter that included the largest customer's annual renewal, and up 133% YoY.

• ARR increased from $2.585m at Sep'25 to $3.081m at Sep'26; quarterly net operating cash outflow was $712k.

Outlook and guidance

• FY27 focus is converting US and APAC partner channels into repeatable sales, with Antara Core positioned as a private, on-premise option for scaling security AI.

• SOC 2 Type 1 report is targeted by 31 December 2026.