PayGroup (ASX:PYG) receives record cash receipts in Dec. quarter, page-2

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torrens197

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28/01/21

22:26

Post #: 50520099
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Originally posted by TheMarketHerald: ↑

Business process outsourcer PayGroup (PYG) achieved record sales growth across all business sectors in Q3 FY21
The company received record cash receipts of $4.6 million, a 48 per cent increase on the prior corresponding period Additionally, the company signed a total contract value (TCV) of $2.8 million, an increase of 115 per cent over the $1.3 million signed in Q3 FY20
Pleasingly, PayGroup delivered positive operating cash flow of $632,000, with funds coming from customer receipts as well as government grants and tax
As of December 31, PayGroup had a cash balance of just over $4.9 million

Read the full article on The Market Herald here.

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If PYG can keep this up annualising around 15 million a year revenue market cap should at least be 75-100 million. Looks like a good 50% appreciation over the next 12 months imho
PYG Price at posting: 63.5¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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PayGroup (ASX:PYG) receives record cash receipts in Dec. quarter, page-2

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