1Q24 impressive start to 2024. Record sales orders, high % subscription revenue, and cash flow positive.
♦ Record quarterly sales orders of A$33.5M (TCV1) in Q1 FY24 (A$3.4m in Q1 FY23, A$3.6m in constant currency).2
♦ Contracted Annual Recurring Revenue (CARR) of A$25.5M at 30 September 2023, up 24% on 30 June 2023 (A$20.6M).
♦ Annual Recurring Revenue (ARR) run rate of A$18.4M at 30 September 2023, up 8% on 30 June 2023 (A$17.0M).
♦ Cash on hand of A$23.8M at 30 September 2023 (A$23.4M at 30 June 2023).
♦ Reaffirm FY24 guidance with sales order outlook supported by strong pipeline of
opportunities.
♦ Board renewal process with appointment of Robert Bazzani as Chair and Rebecca Thompson
as Non-Executive Director.
Directors reaffirm 2024 to be cash flow positive and revenue predictions. Also reassert growth potential in a fragmented market.
IMO good value at this price in a tricky market. DYOR
♦ Record quarterly sales orders of A$33.5M (TCV1) in Q1 FY24...
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Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $86.93M | |||
| Open | High | Low | Value | Volume |
| 38.0¢ | 38.0¢ | 37.0¢ | $13.56K | 36.50K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1078 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 59643 | 2 |
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| Last trade - 15.36pm 01/08/2025 (20 minute delay) ? |
| M7T (ASX) Chart |