Firstwave Cloud Technology
Financials
Estimates*
AUD | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|---|
Revenues | - | - | 8.3m | 8.0m | 9.4m | 12.5m |
% growth | - | - | - | (3 %) | 17 % | 34 % |
EBITDA | - | - | (14.9m) | (13.3m) | (12.6m) | (<1m) |
% EBITDA margin | - | - | (180 %) | (166 %) | (135 %) | (6 %) |
Profit | - | - | (13.8m) | (10.6m) | (13.5m) | (13.4m) |
% profit margin | - | - | (167 %) | (133 %) | (144 %) | (108 %) |
EV / revenue | - | - | 6.4x | 5.0x | 7.3x | 5.0x |
EV / EBITDA | - | - | -3.6x | -3.0x | -5.4x | -79.1x |
Date | Investors | Amount | Round |
---|---|---|---|
N/A | N/A | IPO | |
N/A | $6.6m | Post IPO Equity | |
* | AUD2.5m | Post IPO Convertible | |
Total Funding | - |
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Recent News about Firstwave Cloud Technology
EditFirstWave Cloud Technology was born in the early 2000âs to address the burgeoning cloud security needs in the market. We delivered our first managed Security as a Service (SaaS) solutions in 2004 in a form similar to what we call âcloudâ today. The journey started with a significant focus and investment in research and development with a vision to build a secure, highly accessible, and intelligent portal to quickly adapt to the ever-changing threat landscapes. Being driven by innovation and technology as the core of the company's DNA, we aim to move security services from physical appliances at customer locations to the cloud. Our clientele includes some of Australiaâs largest financial institutions, state & federal government, utilities, ASX listed, and private companies in the mining and retail sectors. We have a current headcount of over 50 people in Australia primarily engaged in sales, marketing, cloud services delivery, product design, research, and development. We endeavour to expand our services to more geographies through our managed IT security services and prevent major threats to their infrastructure & businesses.