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FirstWave Valuation Multiples

Discover revenue and EBITDA valuation multiples for FirstWave and similar public comparables like Qoria, archTIS, and Quick Heal.

FirstWave Overview

About FirstWave

FirstWave Cloud Technology Ltd is engaged in the development and sale of internet security software. The products of the company include NMIS which is a open source network management software, CyberCision Platform, Email security, Web security among others. The company has one reportable segment being the development and sale of internet security software.


Founded

2010

HQ

Australia
Employees

n/a

Website

firstwave.com

Financials

LTM Revenue n/a

LTM EBITDA n/a

EV

$18.8M

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FirstWave Financials

FirstWave has a last 12-month revenue of n/a and a last 12-month EBITDA of n/a.

In the most recent fiscal year, FirstWave achieved revenue of $7.1M and an EBITDA of -$3.2M.

FirstWave expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

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FirstWave P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $7.9M $7.1M XXX XXX XXX
Gross Profit $3.9M $6.1M XXX XXX XXX
Gross Margin 50% 85% XXX XXX XXX
EBITDA -$5.3M -$3.2M XXX XXX XXX
EBITDA Margin -67% -45% XXX XXX XXX
Net Profit -$8.5M -$8.5M XXX XXX XXX
Net Margin -108% -119% XXX XXX XXX
Net Debt n/a n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

FirstWave Stock Performance

As of March 14, 2025, FirstWave's stock price is AUD 0 (or $0).

FirstWave has current market cap of AUD 29.1M (or $18.4M), and EV of AUD 29.8M (or $18.8M).

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FirstWave Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$18.8M $18.4M XXX XXX XXX XXX n/a

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FirstWave Valuation Multiples

As of March 14, 2025, FirstWave has market cap of $18.4M and EV of $18.8M.

FirstWave's trades at n/a LTM EV/Revenue multiple, and n/a LTM EBITDA.

Analysts estimate FirstWave's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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FirstWave Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $18.8M XXX XXX XXX
EV/Revenue n/a XXX XXX XXX
EV/EBITDA n/a XXX XXX XXX
P/E n/a XXX XXX XXX
P/E/Growth n/a XXX XXX XXX
EV/FCF n/a XXX XXX XXX

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FirstWave Valuation Multiples

FirstWave's NTM/LTM revenue growth is n/a

FirstWave's revenue per employee for the last fiscal year averaged n/a, while opex per employee averaged n/a for the same period.

Over next 12 months, FirstWave's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate FirstWave's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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FirstWave Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth -10% XXX XXX XXX XXX
EBITDA Margin n/a XXX XXX XXX XXX
EBITDA Growth -39% XXX XXX XXX XXX
Rule of 40 (SaaS-only) n/a XXX XXX XXX XXX
Revenue per Employee n/a XXX XXX XXX XXX
Opex per Employee n/a XXX XXX XXX XXX
S&M Expenses to Revenue 41% XXX XXX XXX XXX
G&A Expenses to Revenue 52% XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 136% XXX XXX XXX XXX

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FirstWave Public Comps

See public comps and valuation multiples for Cybersecurity comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
archTIS XXX XXX XXX XXX XXX XXX
Prophecy International XXX XXX XXX XXX XXX XXX
Qoria XXX XXX XXX XXX XXX XXX
Quick Heal XXX XXX XXX XXX XXX XXX
eMudhra XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

FirstWave M&A and Investment Activity

FirstWave acquired  XXX companies to date.

Last acquisition by FirstWave was  XXXXXXXX, XXXXX XXXXX XXXXXX . FirstWave acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by FirstWave

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About FirstWave

When was FirstWave founded? FirstWave was founded in 2010.
Where is FirstWave headquartered? FirstWave is headquartered in Australia.
Is FirstWave publicy listed? Yes, FirstWave is a public company listed on ASX.
What is the stock symbol of FirstWave? FirstWave trades under FCT ticker.
When did FirstWave go public? FirstWave went public in 2011.
Who are competitors of FirstWave? Similar companies to FirstWave include e.g. archTIS, Prophecy International, Qoria, Quick Heal.
What is the current market cap of FirstWave? FirstWave's current market cap is $18.4M
What is the current revenue growth of FirstWave? FirstWave revenue growth between 2023 and 2024 was -10%.
Is FirstWave profitable? Yes, FirstWave is EBITDA-positive (as of the last 12 months).

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