Total Revenue

+30.7% (from $280.73M to $366.88M) " "

The 30.7% increase is mainly driven by a robust uptick in IoT subscription sales and enhanced customer adoption, following the trend from the prior period and suggesting that improved customer engagement is fueling revenue growth. " "

Subscription Revenue

+30% (from $276.19M to $359.55M) "

The 30% jump in subscription revenue reflects increased multi-product adoption and deeper market penetration, similar to previous performance improvements, indicating that customers are expanding their use of the company’s core solutions. "

Other Revenue

+62% (from $4.53M to $7.33M) " "

A 62% increase in other revenue suggests strong growth in ancillary services such as replacement hardware and professional services, marking a notable expansion in new revenue streams beyond the core subscription offerings. " "

Cash and Cash Equivalents

Increased from $162,466K to $259,025K (60% rise) " "

The significant rise in cash and equivalents indicates improved liquidity through disciplined capital management and higher revenue inflows, underpinning the ability to reinvest in IoT growth despite ongoing operating costs. " "

Operating Cash Flow

Recorded net cash used of $52,612K in Q1 FY 2026 " "

The negative operating cash flow reflects high investment levels in scaling IoT operations and infrastructure, a trend consistent with previous periods where strategic reinvestment was prioritized to support long-term growth. " "