More than I expected, these are not shabby results:
FY14 Financial Overview
• Revenue up 62% to $17.8 million (FY13: $11 million)
• Net profit after tax of $7.1 million (FY13: $1 million loss)
• Adjusted EBITDA of $5.8 million (FY13: $0.2 million loss)
• Adjusted EBITDA margin of 33% (FY13: -2%)
• Cash up 74% to $23.3million (FY13: $13.4 million)
• Unearned income of $13.4 million (positive lead indicator)
• Strong balance sheet with no debt and tight cash controls
FY14 Operational Overview
• Successfully launched new products (Rail, Solar, Property)
• Appointed Gerhard Beukes as Chief Financial Officer
• Received new patents for aerial mapping system
• Received $1.7 million R&D tax credit in 2H14
• Executed license agreement with Google Maps
• Integrated platform seamlessly with Google Earth
• Commenced US test capture program
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