FY14 Financial Overview
Revenue up 62% to $17.8 million (FY13: $11 million)
Net profit after tax of $7.1 million (FY13: $1 million loss)
Adjusted EBITDA of $5.8 million (FY13: $0.2 million loss)
Adjusted EBITDA margin of 33% (FY13: -2%)
Cash up 74% to $23.3million (FY13: $13.4 million)
Unearned income of $13.4 million (positive lead indicator)
Strong balance sheet with no debt and tight cash controls
Apologies if you've done this one to death earlier. My understanding of the unearned income line is as follows:
Customer A
- signs up for 2 years on January 1 2014 at $ 1200 per year,
- They pay for the entire 2 years up front,
- The entire $2400 goes into cashflow FY14,
- $600 gets booked as income for FY14
- $1200 gets allocated as unearned income for FY15,
- $600 gets allocated as unearned income for FY16.
So the unearned income component $13.4million may be allocated to FY's beyond FY15.
Any insights into length of subscriptions and customer payment terms eg . monthly, 1 year in advance, 2 years in advance.
Is this correct , thanks in advance!!
Cheers Reg
- Forums
- ASX - By Stock
- NEA
- Unearned Income
Unearned Income
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NEA (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online