I think the key is revenue increase. IRI has been in transition over the last a few years. If you look R & D expenses, 2019 & 2020 were at $17M, and then the expenditure has gone up year by year: 2021 $19M, 2022 $22M and 2023 $23M.
I suppose IRI technical aspect of transition has been completed. That means R & D expenses should be down to previous level at around $17M, hopefully.
IRI has got large number of blue chip clients so it should not materially increase sales & marketing expenses.
Therefore as long as the clients can adopt IRI new cloud based products and IRI's revenue goes up, its EBITDA margin will go up as well.
I think the key is revenue increase. IRI has been in transition...
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Last
60.0¢ |
Change
-0.025(4.00%) |
Mkt cap ! $104.7M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| IRI (ASX) Chart |