Not the sexy end of tech stocks. But I'm happy with the results, and adding to holdings.
Development costs flat while revenue still growing = operating leverage
Legal growing nicely (+12% subscription), and starting to contribute meaningfully to EBITDA. Likely to deliver >$1.5M EBITDA in 2024.
Primary Shareholders - Microequities, Spheria, (rate both highly).... plus Directors-Founders all own a large chunk.
Only $2.8M debt, so acquisitions or increased dividend options for 2024.
Recent share sales by insiders has seen SP retreat, but I think this is only a knee-jerk reaction.
Ann: FY23 Results Investor Presentation, page-2
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Last
55.0¢ |
Change
0.025(4.76%) |
Mkt cap ! $62.31M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 55.0¢ | 52.0¢ | $56.21K | 103.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 26922 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 51885 | 4 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| RKN (ASX) Chart |