Shares of iOThree Limited gained after the company recorded higher full-year revenue and forecast that strong demand for its maritime technology will continue.

The stock rose 29% to $3.24 in after-hours trading on Tuesday. At market close, shares were up 3.1% year to date.

The Singapore-based company, which provides digital services for the maritime industry, said revenue rose to $14.7 million for the year ended March 31, compared with $10.5 million in the prior year.

Growth was driven by its edge computing infrastructure and other digital offerings, Chief Executive Officer Eng Chye Koh said in a letter to shareholders. Vessel operators are increasingly choosing to run computing power directly on board rather than through the cloud due to growing concerns around data security and ownership.

"This change in mindset is fundamentally reshaping how the industry adopts maritime technology," Koh said. "We recognised this shift early and moved deliberately in this space. Today, that conviction has translated into a meaningful head start over our peers."

Demand for digital solutions across the marine sector continues to grow, with particular strength in Singapore and Taiwan, Koh said. He expects that momentum to continue into the current fiscal year.

The company posted a full-year net loss of $1.2 million, which it attributed to higher general and administrative expenses from an increase in staff headcount as well as listing and compliance related expenses.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 07, 2026 17:46 ET (21:46 GMT)

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