Ann: Update on Software sales & expected FY2024 Result, page-18

First 18 Last

Share
Profile

Follow
wottagunn

3,442 Posts.

717

02/07/24

10:40

Post #: 74562335
Share

Originally posted by largeraj: ↑

Re "MISSED EXPECTATIONS", I don't agree, due to my underlining below.
The Ann says:
"The lower than forecasted profitability is due to reduced perpetual license
sales and the timing of subscription licenses signed during the second half of FY2024.
Given the Company’s strategy and preference to sign subscription license sales (that deliver stable and
predictable recurring revenue reported over multiple financial years) over one off perpetual license sales (which
are fully reported as revenue in the financial year they are sold), the Company was comfortable seeing
perpetual license revenue reduce by $1.6 million year on year at the expense of an increase in subscription
license sales.
Reported subscription license revenue has risen strongly in FY2024 to $45.6 million (FY2023: $39.3 million),
however it is worth noting that the value of subscription license revenue reported within the financial year is
directly related to the timing of when that contract is signed during the financial year. The majority of software
subscription licenses sold during the second half of FY2024 were concluded in the last month of the year. This
timing profile has seen $1 million of expected subscription revenue move from being recognised in FY2024 to
future reporting years.

Expand

yes exactly, that revenue has just shifted (it seems) but unfortunately the market can be irrational and harsh. Would be comforting to see a recovery off the lows today

RUL Price at posting: $2.31 Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

RC1

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

NUZ

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

First 18 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last $3.04		Change -0.050(1.62%)		Mkt cap ! $671.2M

Open	High	Low	Value	Volume
$3.07	$3.07	$3.01	$290.6K	95.66K

Buyers (Bids)

No.	Vol.	Price($)
1	4234	$3.03

Sellers (Offers)

Price($)	Vol.	No.
$3.05	1233	2

View Market Depth

No.	Vol.	Price($)
1	4234	3.030
3	4774	3.020
2	1626	3.010
1	1294	3.000
2	2700	2.980

Price($)	Vol.	No.
3.050	1233	2
3.060	1294	1
3.070	1294	1
3.090	3947	1
3.150	2445	2

Last trade - 16.10pm 16/06/2025 (20 minute delay)

RUL (ASX) Chart

Ann: Update on Software sales & expected FY2024 Result, page-18

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Update on Software sales & expected FY2024 Result, page-18

Top Stories

Redcastle teams up with Terra Mining to get revenue flowing at Redcastle Reef, Queen Alexandra projects

This stock is crafting a cure for Huntington's – and it's making progress

Monday's HotCopper trends: 4DS falls short, $30B bid for Santos | June 16, 2025

Listen: HotCopper Wire Podcast 013 - They changed the IPO rules (and that's a good thing)

ASX Market Close: Index treads water as Energy stocks surge | Monday June 16, 2025

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News