Catapult Sports Ltd

ASX:CAT

Catapult Sports Ltd

ASX:CAT
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$3.17 (-5.1%)
Last close price
#2
Rank
93
Held by
112
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Reports (14) My Report Forum Investors
Forum Topics CAT CAT TAM
Marinos
Added 6 years ago

I understand CAT typically has a better H2 than H1, but the 4% growth has me a little concerned.. even though as I write the CAT trades at approx $1.25!

Initial estimates of the market was at 10,000 teams, with a best case of an additional 10,000.  I find it hard to beleive  CAT has 30% of the market... Is it struggling to convert teams to more than one product??

Does anyone have a revised number on the TAM?  

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Strawman
Added 6 years ago

I haven't seen a revised number, but they have previously quoted a >20% growth in the market size through to 2022. And the spend per team can increase significantly as they take on more products. I think the growth here was actually quite decent at the recent half, with the number teams with more than one product growing >50%

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