I'll save y'all the time:
Infomedia reported revenue to $47.7 million for 1H21, compared to $47.9 million reported in the previous corresponding period (pcp). Earnings before interest, tax, depreciation, and amortisation (EBITDA) was $22.4 million, down (2%) pcp. Net profit after tax (NPAT) increased 3% to $9.3 million, up from $9.0 million pcp. EPS declined (13%) pcp to 2.49 cents due to the dilutive effect of the capital raise in 2H20.
Net current assets were $94.1 million at 31 December 2020 ($98.0 million at 30 June 2020). Cash and cash equivalents were $97.3 million, down 6% on 30 June 2020, reflecting the cash cost of investment in the Next Gen SaaS platform. Net cash from operating activities increased 19% pcp reflecting improved collections and confidence across Infomedia’s global customer base
The Board is confident Infomedia is well positioned to leverage disruption underway in the global automotive market. Strategic focus, investment in innovation and data and the pursuit of M&A are expected to drive Infomedia’s future performance. Since the capital raise, we have yet to close an acquisition but remain vigilant in our pursuit of transactions and disciplined in our approach.
So mid-2020: 'we will close an acquisition by Q1 FY21'
Now Q2-Q3 FY21 'no acquisition'
Starting to understand why this stock has gone under the radar for so long.
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- Ann: FY21 Half Year Financial Results Presentation
Ann: FY21 Half Year Financial Results Presentation, page-2
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