Family Zone (ASX:FZO) - Managing Director, Tim Levy
Managing Director, Tim Levy
Sourced: Stockhead
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  • Family Zone Cyber Safety (FZO) hits a new milestone, seeing 10 million students on its platform
  • The new landmark includes licensed students and those in trials of the platform
  • The company says the result reflects the continued new business growth and strong customer retention across its kindergarten to year 12 markets
  • Family Zone Cyber Safety shares were down 8.5 per cent to 58 cents at 1013 AEDT

Family Zone Cyber Safety (FZO) has hit a new milestone, seeing 10 million students on its platform.

Family Zone is a technology company that uses a cyber safety ecosystem platform to enable a world-first collaboration between schools, parents and cyber safety educators by connecting to all devices through WiFi. The platform allows adults to manage children’s screen time, track devices and limit social media.

The new milestone includes licensed students, and those undergoing in trials of the platform.

The company said the result reflects the continued new business growth and strong customer retention across its kindergarten to year 12 markets.

Family Zone said its patented cyber safety ecosystem is delivering rapid growth in the education sector, as well as through direct sales and scalable reseller arrangements with telco providers.

For the 2021 financial year, the company says its average recurring revenue was approaching $50 million, following a merger with Smoothwall. The company said its average revenue per student sits at $11.70 and it ended the financial year with $25.6 million in the bank.

Family Zone Cyber Safety shares were down 8.5 per cent to 58 cents at 1013 AEDT.

FZO by the numbers
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