ASX-listed security vendor Excite Technology Services, which operates as Excite Cyber, has announced strong performance for its financial quarter ending 31 December 2024.
This was marked by positive earnings before tax in December, and a doubling of customer receipts to $4.08 million, compared to the previous quarter.
The company's quarterly activity report points to significant growth in revenue and the successful integration of its recently acquired digital forensics and training business, CBIT Digital Forensics Group (CDFS).
Other financial highlights include unaudited revenues for the quarter, increased to $5.07 million, up from $1.06 million in the prior quarter.
Excite's digital forensics division secured major renewals with law enforcement and government agencies valued at $4.06 million.
This includes a contract expansion valued at $3.4 million over two years with an Australian state police force. further contracts were secured from federal law enforcement ($253,000) and a federal agency ($402,000).
Its cyber security division introduced advanced automation tools, and saw measurable improvements in data processing and log management, securing $443,000 in renewed business contracts for recurring MDR services and cyber product licencing in the healthcare and retirement living services sectors.
The construction of the federal grant-funded NANGU Digital Cyber Forensics Training Centre is on track for completion in March this year, the company said in its results.
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