(July 2022) The global software provider’s share price is up after reporting a strong finish to FY22 with revenue $13.3 million, up 60.2% on FY21.

ActivePort (ASX:ATV)

The global software provider’s share price is up ~10% today to 10 cents after reporting a strong finish to FY22 with revenue $13.3 million, up 60.2% on FY21.

H2 software revenue grew by 482% from H1. In a further milestone ActivePort completed its first enterprise-scale customer installation and a second has signed on.

The company says net cash is expected to grow in the coming quarter. ActivePort has two distinct revenue streams for its traditional managed services business and relatively new ActivePortal Software product.

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