- Cyber safety company Family Zone (FZO) has surpassed one million students in its US proof of concept (POC) trials, tripling the amount recorded in the previous year
- POC trials are conducted prior to purchase so organisations can sample the technology. The company usually converts between 80 and 90 per cent of POCs into sales
- Family Zone is preparing for the key sales period in the US with $8.5 million in its sales pipeline, half of which is expected to convert into sales
- The company believes it will exceed its budgets and sales records across all key metrics in the March quarter
- Shares were trading 7.33 per cent higher today at 40.3 cents each
Cyber safety company Family Zone (FZO) has surpassed one million students in its US proof of concept (POC) trials, tripling the amount recorded in the previous year.
POC trials are conducted prior to purchase so organisations can sample the technology. Family Zone said it is typical in US school districts to precede purchases of online safety technology with a POC period.
The key sales period in US education technology is from February to July with many organisations gathering information and quotes. Most orders are processed between May and July.
The company is preparing for this period with $8.5 million in the sales pipeline.
Historically, FZO has converted about half of pipeline deals and between 80 and 90 per cent of POCs into sales.
The company said it expects to exceed its budgets and sales records across all key metrics in the March quarter.
Family Zone offers an innovative cyber safety platform which it says enables a world-first collaboration between schools, parents and cyber safety educators.
Shares were trading 7.33 per cent higher today at 40.3 cents each at 12:50pm AEDT.