Activeport revenue rises 18% following quarterly restructuring

• Activeport delivers $1.7 million in quarterly revenue following a software expansion.
• Higher software sales offset small operational declines in connectivity and services revenue.
• The company aims to expand software scaling alongside a new Canadian AI gateway.

Activeport (ASX:ATV) increased its total quarterly revenue by 18% to $1.7 million after completing a group-wide cost restructuring.

The overall quarterly revenue total moved up from $1.5 million in the prior quarter as software growth outpaced small drops in other segments.

The software division lifted billed revenue by 149% to $599,000 during the period after signing $2.6 million in new contracts.

Activeport also activated $1.5 million of existing project contracts to bring its quarterly total contract value baseline to $4.1 million.

Looking ahead, the software provider plans to deploy a new Canadian sovereign AI gateway in Toronto alongside a 36% growth in deployed graphics processing units.

Following the announcement, the Activeport share price was unchanged at $0.009.

Activeport operates automated telecommunications software designed to transform global network assets into scalable infrastructure platforms.