Level up your network management with Activeport’s NEO: It’s not just science fiction.

For Activeport (ASX: ATV) – it’s a NEW – oops we meant NEO morning, and no we are not talking about the Matrix! We are talking about Activeport’s anticipated Network Ecosystem Orchestration (NEO) platform, under the Global edge brand. Global Edge is Activeport’s SaaS platform and is set to redefine how enterprises manage their network infrastructures, starting with B2B rollout across Australia and New Zealand. 

NEO addresses the challenge of connecting enterprise customers from their physical location (the Edge) to cloud providers by using a straightforward self-service portal driven by software-defined networking (SDN). The platform offers a flat fee per endpoint, supplemented by high-margin SaaS products and resale of third party services. It will allow the platform to enhance operational efficiency and agility (service provision and reducing costs) associated with traditional setups.

NEO integrates SD-WAN & SD-Internet for dual-path connectivity with zero-touch deployment. It supports flexible deployment of firewalls, bandwidth optimizers, and analytics tools through integrated network function virtualisation. Deep visibility for security optimisation and real-time monitoring is provided by netflow and appflow analytics. The SASE solution enhances network security by minimising cyber-attack risks.

The launch in Australia and New Zealand will pave a way for new revenue streams and leverage Activeport’s existing network of connectivity. With their strategic expansion plans across international locations, NEO is aiming to bring a shift in the Network-as-a-Service (NaaS) market. 

However, this year began with a period of uncertainty and challenge surrounding a capital facility agreement involving Radian Arc which was subsequently clarified by Activeport on April 30, 2024. The initial $2.35 million drawdown in the first month doesn’t accrue interest. However, monthly drawdowns of $118,000 for 12 months and $78,600 for the last 3 months will incur 9% interest, unless offset by additional services provided by ActivePort to Radian Arc. Activeport emphasised transparency, confirming there are no other major terms associated with the agreement.

For the March 2024 quarter, Activeport reported $3.4 million in cash receipts, which represented a 12% increase on the December 2023 quarter. This resulted in $20,000 positive operating cash flow, which took their 9 months year-to-date (YTD) operating cash outflow to $250k.

As of March 31, 2024, the Company had $1.2 million of cash on hand.

Activeport shares reached a high of $0.040 in early morning trade, marking a 5% increase on the previous day’s closing price of $0.038.