Family Zone’s customer receipts doubled last quarter — but its negative operating cashflow would look a lot worse if not for a pile of R&D tax incentives.

The cybersecurity provider (ASX:FZO) for schools and parents received a $2.6 million R&D tax refund in the Christmas quarter.

The tax incentive meant the operating cash flow burn-rate came in at $868,000 for the three months.

Family Zone reported $324,000 in customer receipts for the quarter — up from $158,000 — and planned to spend $3.7 million this period. The company claimed it made $2.1 million in revenue during the quarter – including the tax refund.

Family Zone shares over the past six months.
Family Zone shares over the past six months.

Family Zone said the quarter was a turning point for customer receipts. However, contracted revenue was steady at $3.5 million, in spite of the company saying it added an unspecified number of new customers in the three months to December.

By the end of the year Family Zone said it had 30,000 paying subscribers, 120 partner schools, and 582 contracted schools.

For individuals the company’s products cost $6 a month after a three-month trial period.

Family Zone was up 3 per cent to 62c at 12pm AEDT on Monday.