Adveritas (AV1) Q3 2026 TU earnings summary

Executive summary

• Annualised recurring revenue (ARR) reached $15.08 million at 31 March 2026, up 91% year-over-year and 182% over two years, despite currency headwinds.

• Cash receipts from customers were $3 million for the quarter, consistent with the previous quarter.

• Completed development and post-quarter launch of a self-serve SME platform, targeting over 200 million global SME digital advertisers.

• Deployed first LLM-driven AI capability in core products, enhancing fraud insights and reducing customer investigation time.

• Maintained strong cash balance of $6.29 million and disciplined operating cash outflow of $422k for the quarter.

Financial highlights

• ARR grew 5.8% sequentially from $14.25 million at 31 December 2025 and 91% year-over-year from $7.89 million at 31 March 2025.

• Cash receipts for the quarter were $3 million, in line with expectations and prior quarter performance.

• Operating cash outflow was $422k for the quarter.

• Strong cash position with $6.29 million at quarter end.

Outlook and guidance

• Scaling of SME self-serve platform with Meta protection and tiered pricing in June 2026 expected to expand addressable market and increase average revenue per user.

• Commercial AI agents to be deployed in June 2026 to automate lead generation and marketing at zero marginal headcount cost.

• Continued expansion in sports betting, gaming, Meta, affiliate, and agency channels anticipated.

• Strategic partnerships under negotiation to accelerate SME subscriber growth.