Shares of Australia-based software-as-a-service provider Urbanise.com (ASX:UBN) saw an uptick of as much as 2.4% to A$0.430, anticipating the highest gain since September 15 if current trends prevail.

The stock attained its highest since September 28.

Urbanise.com announced it has realized headcount savings that are predicted to generate annual cash flow improvements of A$1.1 million.

Furthermore, the company forecasts an A$2.4 million improvement in cash flows over the next 12 months.

The company also plans to focus on achieving cash flow sustainability by the fiscal year 2025.

As of the previous market close, the stock has fallen by 40.9% this year.

Urbanise.com is a cloud-based software-as-a-service provider.