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T1981 your obsession with this spar is quite strange.

I don’t recall saying I will not post here..you’re quick to make assumptions.

Atb

Hi Lumbert,

That is quite a ridiculous statement, one could say the same that all the negative posters are the same person? The lines seem to be the same and green you have one individual who is apparently doing a case study on this group?..no comment against that?..

I see little point in posting here any more

Have a good day

Ok t I have no idea what you are on..I assume you are alluding to me being some one else?, I haven’t posted on aim for years…but please carry on

what is the deal here guys?, for no one to post anything that doesnt align with your agendas? Never known a chat group like it.

Youve said that twice now T1981, didn’t realise it was aimed at me. This is getting bizarre..

ATB

There were no predictions there from what I can see, just numbers..to illustrate the reduction in overheads/cash burn..this was from Jan ‘25 after he withdrew the guidance. Perhaps you are confused?

Seems like you and many have an axe to grind..so a pointless debate it appears.

Are you suggesting the figures are made up?.. seriously.

That was aimed at me..Sprat?

The increase bookings including the 7 figure sum with top US bank., more to come?, coupled with improved financial discipline indicates a shift into break even and profits.

Of course you can pick many co’s on aim that have burned through cash, and pick apart the ways it’s run, the never ending raises, no profits for years, dodgy CEOs…it doesn’t take seasoned investor to spot these..but this is the nature of aim is it not.

Also from the same RNS..

Bookings Metrics

o Strongest bookings quarter since Q2FY22

o Bookings in Q4FY24 of $3.0m (Q4FY23: $2.7m; Q3FY24: $1.7m)

§ Q4FY24 Data Integration ("DI") bookings of $2.3m, a rise of 53% compared to Q4FY23 bookings of $1.5m

o Bookings FY24 of $7.1m (FY23: $7.2m)

§ FY24 DI bookings were $4.7m, up 81% compared to FY23 DI bookings of $2.6m

§ Improved business mix trending towards DI, Cirata's core growth driver, with DI representing 66% of FY24 bookings (FY23: DI 36%)

· Commercial Momentum

o c.$2.0m Live Data Migrator ("LDM") contract signed in Q4 with a top 3 US bank, representing largest Original Equipment Manufacturer ("OEM") Big Replicate implementation to date

o 13 contracts signed, of which 6 contracts relate to DI

· Product and Partner Achievements

o As announced on 2 October 2024, an amendment to Cirata's agreement with IBM, which retired prepaids of $1.7m ensuring fresh commercial alignment between both organizations, is helping pipeline development and contributing to conversion

o Major release of LDM 3.0[1], with new features particularly significant for enterprises adopting Apache Iceberg and Databricks Delta Lake within their data ecosystems

From the RNS 9thJan 25.

Financial Discipline and Governance

o Q4 cash overheads reduced to $5.0m (Q4FY23: $5.7m; Q3FY24: $5.3m)

o Q4 cash burn was $3.2m (Q4FY23: $5.5m; Q3FY24: $3.2m)

o Cash position as at 31 December 2024 of $9.7m (Q4FY23: $18.2m; Q3FY24: $12.9m)

o Short term trading receivable position increased to $3.6m as of 31 December 2024 (Q4FY23: $1.8m). Expected collections H1FY25

o Cash overhead annualized run rate exiting Q4FY24 of c.$20.4m compared to $23m in Q4FY23

o Strengthened board, with two seasoned Non-Executive Directors

· FY25 Outlook

o Transition to a more predictable growth phase and Target Operating Model. Further commentary to be provided in the FY24 results

o Improvements in the levels of sales activity, visibility, predictability, and execution

o Continued improvement in the quality of business mix and revenues towards DI

o Expected annualized cash overheads reduced to $16-17m exiting Q1FY25 with actions already taken

That’s right Pearls, must enroll in this course..ha ha!..it would be amusing if they weren’t using that ridiculous story to add weight to their comments. Anyhow..seems I’ve come across quite an entertaining but bizarre board.

Would be good to discuss with someone invested ..if you are out there?

Hastings,

Re1..it’s happened the staff numbers have been reduced.

Re2. Cash burn has been reduced hence revenue per head has increased, this is the way to break even and profitability. You cannot discuss revenue in isolation… but you already knew that.

Re7. You THINK that’s marketing BS?..so just an opinion.

Hastings you’re dead right about it being a cult..this place is toxic. A load of tortured souls locked in a room.. you guys need to get some sun.

Wow that some business class you’re running if this forum is part of the a case study.

No interested in getting into a spat with anyone..just isn’t worth anyone’s time tbh.

Good luck with your investments

Hastings it’s all a matter of perspective, many will see an opportunity where others will not. At the current SP this is quite compelling.

My point what compels you to keep shouting this ‘truth’? Seems a little deranged..no offence

Were you an ex Wandisco holder?

Jgjam,

Thanks for confirming re the ‘no raise planned’ quote I think that is unheard of in AIM.

Yes happy to be in at this level, I’m anticipating growth this year. Not sure Q1 update due in a few weeks will reveal anything new, but we could see a surprise wrt to a ramp up in smaller contract wins, ie under a RNS threshold. It will be the first quarter for me so am happy to give it to year end to see how the company grows and manage my investment accordingly.

Atb

Very well Hastings, seems like you have pretty much reiterated the same things in all your posts..nothing much more to add from me. Ofcourse no hard feelings happy to be in at this SP. Atb

Hastings, also what millions do you refer to? I thought that was covered in the quarterly update and the December update by Stephen that the customer preferred a single year deal and not multi year. Also there is $3.6 approx payable from ‘24 which the company expects receive in H2.

Hastings, I’m really not interested in Wand and what they got up to they have changed the company as much as is possible but it’s built around its Tech and IP and for me that is where the value is, and it’s Stephen’s and senior Mngmnt job to leverage that tech to deliver shareholder value. Other than selling the tech/ IP there is little more that can be done to rebuild the co or distance itself .

Re other companies providing a similar service, well of course there are but they are no where as good. The likes of Cloudera, AWS,Google cloud do not come close to providing the level automation and efficiency wrt to minimising disruption in a large organisation as Ciratas Data Migrator offering..they literally are number one in the game and they are the leader in Petabyte scale data transfer…apologies I thought this was well known and one of the reasons for investing here but then again ranking is subjective as to how you measure such things. Certainly helps having some notable partnerships and recognition from the likes of Gartner Research certainly helps.

Wrt to AI, yes they are not an AI company but an enabler for companies using AI and cloud analytics..and as more organisations employ these technologies so the demand to get that data into the cloud as efficiently as possible will increase.

For me there is no question mark re the tech...it’s what has prevented this from really taking off and my belief is that its just been a big ship to turn.

Pearls I agree, if you take Hadoop data as an example there is a lot of businesses out there ie Telecos, government organisations etc that are still to transfer to the cloud..the Data Migrator software is regarded as close to a silver bullet as there is for transferring this type of data. I’m not worried about the software being obsolete at all its solid as testified by the customers.

We just need the contracts to keep rolling in.

Ofcourse Data Migrator is only one part of the business..Cirata is not a one trick pony.