Company completed the divestiture of its DevOps assets to BlueOptima in August
LONDON: Cirata Plc (LSE: CRTA) reported a 41% year-over-year increase in revenue to $4.8 million for the six months ended June 30, 2025, driven by surging demand for its Data Integration (DI) solutions.
The company also narrowed its adjusted EBITDA loss to $4.0 million, down from $8.6 million in the prior-year period.
Bookings rose 58% to $3.8 million, with DI accounting for 82% of total value. DI bookings surged 210% year-over-year to $3.1 million, offsetting a 57% decline in DevOps bookings. Cirata signed 20 contracts during the period, including a $2 million enterprise-wide DI agreement with a leading UK retailer and a renewal with a top Canadian bank.
The company completed the divestiture of its DevOps assets to BlueOptima in August for up to $3.5 million, reinforcing its strategic pivot toward DI. Cirata retains all intellectual property and granted BlueOptima a perpetual license.
Cash overheads fell to $8.5 million from $11.8 million, with further reductions expected as the annualized cost base is trimmed to $12–13 million exiting Q3 FY25. Cirata ended the period with $6.1 million in cash and $1.3 million in short-term receivables.
Dominic Arcari was appointed Chief Revenue Officer on July 1 to lead go-to-market efforts across North America and international markets. Management reaffirmed that no working capital fundraise is anticipated in FY25.
Cirata’s DI roadmap includes expanding its Live Data Migrator (LDM) offering and leveraging Apache Iceberg formats to enable unstructured data interoperability. The company also joined Microsoft’s Azure Storage Migration Program, opening new channels for its LDM product.