Full Year 2025 Cirata PLC Trading Statement Call Transcript
To improve our scorecard on new customer wins, growth without a stable foundation, however, is not sustainable. We've worked hard to bring our operating cost structure to realistic levels. Our cost-based exiting FY25 of $12 million to 13 million is now running at less than of the peak, allowing us to demonstrate increased levels of operating leverage as we progress our plans.
Looking ahead to FY26, management is targeting, firstly, an operating expense run rate of $12 million to $13 million. Secondly, cash flow positive in the first quarter, FY26. Thirdly, cash break even for FY26 overall, subject to bookings timings. As we go forward through 2026, we consider the continued success of our expansion wing strategy to be a critical component of our growth.
The additional building blocks that combine to deliver future growth will be continued product development and continued customer and market validation, and ultimately, as the new sales team beds in and reaches maturity, new customer acquisition.
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