Bridge SaaS Hits Cashflow Positive Mark, Eyes NDIS 'Lite' Launch

Strong Financial Momentum

Bridge SaaS Limited (ASX: BGE) has marked a significant milestone by delivering its first cashflow positive quarter, reporting a net operating cash inflow of $169,000 for the December 2024 quarter. This positive cashflow reflects the company’s growing operational efficiency and the successful integration of its subsidiary, Brightside Disability Support & Respite Pty Ltd, in which Bridge holds a controlling 51% stake.

Brightside itself demonstrated robust growth, with revenue increasing by 3% and gross profit surging 17% compared to the previous quarter. Participant numbers under care rose by 17%, including a notable 30% increase in Supported Independent Living (SIL) participants. To support this expansion, Brightside boosted its care staff by 10%, underscoring the company’s commitment to quality service delivery.

Strategic Expansion in NDIS and DES Sectors

Bridge is actively leveraging its SaaS platform to deepen its footprint in the National Disability Insurance Scheme (NDIS) and Disability Employment Services (DES) sectors. The company is currently participating in government tenders for DES, positioning its technology as a tailored solution for providers in this space.

One of the most compelling developments is Bridge’s plan to launch an NDIS 'lite' SaaS offering designed specifically for smaller NDIS providers with limited headcounts. This product aims to deliver scalable, user-friendly workflow automation, compliance tools, and seamless integrations, addressing the unique challenges faced by smaller care providers. The initiative reflects Bridge’s strategic priority to empower over 10,000 small businesses within the NDIS ecosystem, enhancing operational efficiency and service outcomes.

Innovation at the Forefront: AI and Robotics

Bridge is positioning itself at the cutting edge of technological innovation in disability care by exploring the applications of artificial intelligence (AI) and humanoid robotics. The company envisions AI-driven automation to streamline administrative processes such as claims processing and fraud detection, while predictive analytics could enable personalized support plans and resource allocation.

Humanoid robotics are seen as a potential game-changer, offering assistive technologies that could enhance participant independence and improve working conditions for carers. Bridge highlights the potential for these technologies to reduce the Federal Government’s NDIS administration costs, currently exceeding $44 billion annually, by as much as 50% over time, potentially averting cost blowouts and preserving participant access.

Partnership Program and Operational Efficiencies

Following Brightside’s successful integration, Bridge has launched a partnership program aimed at NDIS care providers. This initiative offers SaaS solutions that consolidate back-office functions such as compliance, invoicing, and shift management, enabling providers to maintain brand identity while improving operational control and cost efficiency.

Bridge’s technology-driven approach is designed to foster long-term sustainability and growth for its partners, reinforcing the company’s leadership in disability care solutions and innovation.

Financial Position and Outlook

As of 31 December 2024, Bridge held a cash balance of $754,403, supported by positive operating cashflows and prudent financial management. Payments to directors and related parties totaled $86,000 for the quarter. The company anticipates maintaining its positive cashflow trajectory into 2025, underpinning its growth initiatives and ongoing technology development.

Bridge’s focus on integrating advanced technologies and expanding its SaaS offerings in the disability sector positions it well to capitalize on emerging market opportunities and government priorities.