Archtis (ASX:AR9) announced financial results for the quarter ended 30 September 2022.

80.1% reduction in quarterly cash burn to ($0.7M) versus ($3.4M) pcp.

Annual recurring revenue (ARR) increased 97% to $3.5M pcp.

Licensing revenue increased 41% to $0.7M versus pcp.

Market-leading customer engagement, with churn stable at <1%.

Consistent operating expenses across the prior five quarters, demonstrating efficient capital management.

Cash position of $5.8M.

Minimum 60% revenue growth (current visibility for triple-digit growth).

Cash receipts at $9.5M - $10.0M.

Monthly cash burn expected to halve (versus FY22).

Following the announcement the company?s share price rose 7.142%.