pieces are getting put together (from the annual report)
Our objective was sustainable growth and profitability....confident we are on the right path
This improvement in performance has been achieved in spite of a $1.1 million reduction in the capitalisation of our R and D which has resulted in the amortisation of our R and D this year exceeding the amount capitalised by $0.7 million, making improved performance for the year even more credible.
substantially stronger balance sheet with cash on hand at 30 June 2007 of $11.9 million.
outlook for the next 12 months is equally positive.
All of these market forces drive demand for billing solutions.
In addition we are now seeing the evolution of advanced metering solutions.
In the telecommunications industry we are seeing the continuation of product convergence and structural change. We are excited to be involved in delivering innovative new billing solutions into these market conditions.
major new billing opportunities in Japan are not likely to be until fiscal 2009 and beyond.
Our UK business has grown significantly in the past year. Revenue has doubled. We have recruited new senior management, doubled our office size and significantly increased our capacity to manage and deliver ongoing growth. We have an excellent customer base and a great spring board for future opportunities.
The opportunity to crystalise the value of our NSW operations through sale of the business has generated the funds to allow us to explore strategic growth opportunities which are more aligned with our core businesses.
We have the proprietary products our targeted industries require. We have an outstanding team of professionals working for us and we are cashed up and ready to grow both organically as well as strategically
reputation for a uniquely personal relationship with customers
average years of service for Hansen staff is more than double the industry average
we will be able to continue to improve on these performance ratios in 2008 as we pursue the initial target ratio of 20% EBITDA to revenue
rapidly deploy new billing solutions...within timeframes which would previously have been considered impossible.
(HUB) rate of investment is half that which was required in the 2004/5 year. Be assured, however, that as industry trends and customer requirements dictate we will respond with a balanced level of research and development to ensure our proprietary solution remains relevant with the market trends
We start the new year with a strong back log of work and an excellent pipeline of significant opportunities. I am looking forward to fiscal 2008.
[the above is for the purpose of discussion only, do your own research for investment decisions]
HSN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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