I thought the Investor Presentation was good.
Decipher Works
- Revenue $4.4m
- Profit before tax $1.1m
Cloudten
- Revenue $4.5m
- Profit before tax $1.5m
Based on net revenue and normalised profit before tax for 12 months ended 30 June 2019.
Investor Presentation highlights that Cloudten is expected to deliver $4.7m revenue in 2019.
Just a reminder, Cloudten's FY18 revenue came to $3.8 million and $1.6 million of profit before tax for the year ending 30 June 2018. Cloudten is steady, but I don't think it's performing as well as what many think. That doesn't mean it can't improve from here onwards. Let's see if they can translate that "unprecendented pipeline of opportunities" into material contracts.
Decipher Works looking much healthier imv. Did anyone notice the target to deliver ~40% growth in FY20? That would be great progress for a business so under the investor market radar.
Thoughts on this note? Interesting.
Note: Group Revenue has eliminated intra-group revenue which has been recorded in both Cloudten and DWX’s P&L
Tony
