Aeeris Disaster Warning Operator Tips Revenue Growth after Restructure

Aeeris have said that the Company is set for a year of growth and improved performance for 2017. DISASTER warning service Aeeris is tipping revenue growth after a major operating restructure.

KEY TAKEAWAYS:

• Aeeris ended the quarter to December 31 with $1.29m cash in hand.
• The company shared their net cash improvement of $178, 480 in comparison to its cash burn of $625, 170.
• Total cash receipts of $876, 439 which included a $589, 057 research and development tax rebate.
• Aeeris also undertook a two-month review and cut staff during FY16 with a loss of $1.47 million, more than double the loss of the previous year.

Tech entrepreneur, Kerry Plowright, explained this loss was largely because of high costs in relation to software development to attract more clients and business.

“The company was focused during the reporting quarter on a significant restructure of operations aimed at reducing operating costs and cash-burn, and enhancing prices, sales activity and revenue,” Aeeris said.

“The process has now been completed and improved financial performance is expected during the year ahead.”

The company is now focusing on sales and marketing creating a drive for new customers to its core products and services- this has led to many new clients signing on board Aeeris services to include; weather warning service for Logan City Council, a dam release and flood warning app for SEQWater, a major unnamed insurance broking group, water utility service and an automotive group.

The Company has recently been developing a new technology platform- from this the company is hoping to create new revenues.