Highlights:
Revenue rises 57.6% to a record $23.3 million, with acquisitions and organic
growth adding annualised revenue of $17.0 million compared to 1HFY21
• Organic growth in constant currency accelerated to 27% vs 2HFY21
• Gross profit rises 73% to 13.1 million from $7.5 million. Gross Margins rise to
56% of revenue from 51% lifted by high-margin Software as a Service (SaaS)
revenue from Lingotek and efficiencies from the Straker’s RAY translation
platform
• Strong balance sheet with cash on hand of $18.2 million and no debt
• FY22 guidance reaffirmed for revenue of greater than $50 million, an
improvement of more than 60% year on year, and an increase in Gross Margin.
*Unless otherwise stated, all figures are in NZ$ and all comparative figures refer to the same
period in the prior financial year.
STG Price at posting:
$1.60 Sentiment: Buy Disclosure: Held
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