Family Zone (ASX:FZO) - Managing Director, Tim Levy
Managing Director, Tim Levy
Source: Tim Levy/LinkedIn
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  • Family Zone Cyber Safety (FZO) has ended the March quarter with 135 per cent growth in school contracts when compared to this time last year
  • The cybersecurity business also notched up a 137 per cent increase year on year in the number of contracted students
  • The company’s signed contracts had an annual value of $1.8 million, while all of the signed contracts had a total value of $3.6 million
  • Family Zone’s cyber safety ecosystem is available in the U.S., and by the end of March, the company reported it was servicing 3.5 per cent of school districts
  • Company shares opened Friday trading at 47.5 cents, up 2.15 per cent

Family Zone Cyber Safety (FZO) has released its latest quarterly update, revealing it ended the March quarter with 135 per cent growth in school contracts year on year.

The company said it signed 387 new contracts over the period, taking its total number of schools to 3135.

The cybersecurity business also stated it notched up a 137 per cent increase in the number of contracted students it looks after, when compared to this time last year.

Over 200,000 new student licences were issued during March, bringing the company’s total number of students to 1.65 million.

At the end of the quarter, Family Zone’s signed contracts had an annual value of $1.8 million, while all of the company’s signed contracts had a total value of $3.6 million.

The technology stock’s cyber-safety ecosystem is available in the U.S., and it reported that by the end of March, it was servicing 3.5 per cent of all of the state’s school districts

“The company has spent the past two quarters successfully building out engineering and sales capacity to prepare for the peak mid-year sales period in the U.S.,” Managing Director Tim Levy said.

“We’re very pleased with the March quarter and with more than one million students licences in our pipeline we look forward to exceptional quarters ahead,” he added.

Following today’s update, company shares have opened Friday’s session trading at 47.5 cents, up 2.15 per cent at 10:34 am AEST.

FZO by the numbers
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