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Family Zone (ASX:FZO) - Managing Director, Tim Levy - The Market Herald
Managing Director, Tim Levy
Source: Business News
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  • Cybersecurity company Family Zone (FZO) has reported on a record quarter, maintaining growth across all key metrics
  • During the December quarter, the company signed 425 new schools, a 143 per cent increase year on year (YoY), and contracted 233,000 new student licences — up 164 per cent YoY
  • Importantly, for the first time ever, the company signed over $4 million of contacts during the quarter
  • Family Zone ended the December quarter with over 1.5 million contracted students and 1.67 million pupils on the platform
  • Despite the positive news, Family Zone is down 0.98 per cent and trading at 50.5 cents per share

Family Zone (FZO) has reported on a record quarter, maintaining growth across all key metrics.

The cybersecurity company offers a cybersafety solution for families and schools to promote and create a safe online space as well as monitor internet usage.

During the 2020's December quarter, the company signed 425 new schools — a 143 per cent year-on-year spike, and contracted 233,000 new student licences, up 164 per cent year-on-year.

Importantly, for the first time ever, the company signed over $4 million in contracts during the quarter. The contracts had an annual value of $2.33 million, a 151 per cent jump compared to last year.

Family Zone ended the quarter with over 1.5 million contracted students and 1.67 million pupils on the platform. It is now servicing more than 3 per cent of the U.S. school districts.

Notably, the company is bringing the new year in with 3133 schools on the platform, representing a 153 per cent spike over 12 months.

Additionally, Family Zone has also seen a 101 per cent jump in customer collections, bringing in $2.5 million over the quarter and $7 million during the half-year.

Despite this positive news, Family Zone is down 0.98 per cent and trading at 50.5 cents per share at 12:18 pm AEDT.

FZO by the numbers
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