Great announcement.Most (if not all) points listed were positive...

Great announcement.

Most (if not all) points listed were positive and growing strongly.



Annualised recurring revenue (ARR) increased 30.1%

● Total revenue increased 30.4% or 29.6% (cc, organic) to $71.7m:

● Global property count increased 10% to 36.6k with 14.0% growth in the Americas, 10.3% in EMEA, and 6.5% in APAC. Asia grew in excess of 10%.

● Monthly average revenue per user (ARPU) grew 20.3% (cc) to $339 in H1FY23.

● Underlying gross margins improved by 97 bps to 82.0% for subscription and by 145 bps to 33.7% for transaction, driven by scale and mix benefits.

● LTV/CAC increased to 3.6x in H1FY23 vs 3.2x in FY22. CAC improved from $6,386 in FY22 to $5,941 in H1FY23 driven by operating leverage.

● Underlying free cash outflow was $(20.3)m, representing 28% of revenue, which is inline with recent financial periods.

● Available funds of $97.6m consisting of $41.1m of cash and cash equivalents, $27.1m of funds on deposit, and $29.3m of undrawn debt facilities

● Underlying net loss was $(24.7)m due to investments in go-to-market capacity to reaccelerate the business, and investment in product development.

● Reported net loss was $(25.5)m, inclusive of costs related to the acquisition of GuestJoy and restructuring.