Catapult Sports Ltd

ASX:CAT

Catapult Sports Ltd

ASX:CAT
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$4.57 (-1.5%)
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#5
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Reports (14) My Report Forum Investors
Forum Topics CAT CAT Financials Surprise

Pinned straw:
NewbieHK
Last edited 3 years ago

Is this the beginning of “the” turnaround?

On first glance this was significantly better than I think most expected.

From the ASX announcement.

H2 EBITDA OF 2.2m a 15.4m improvement from H1.

H2 gross margins up to 81% from 71%.

Cost to operate the business dropped 11.9m in H2 from H1.

Operating cash flow + 40% YoY to 3.7m.

SaaS revenue +21.8% YoY (CC) contributing to a total revenue of 84.4m.

Record H2 sales: FY23 ACV +20.2% to 76.8m (CC).

ACV churn a record low rates of 3.8%

Performance and Health vertical ACV grew 28% YoY (CC).





Longpar5
Added 3 years ago

Agree, they exceeded my expectations on cost control and Lopes seems clearly focussed on building a sustainable business. Look forward seeing some posts from members who can attend the conference call.

9
Strawman
Added 3 years ago

Very encouraged by these results. Couldnt make the briefing, but keen to hear from anyone who did. Will post some thoughts after the AF Legal meeting this morning.

I suspect the market will be happy with what has been reported.

12
jahmez
Added 3 years ago

Decent half and will be interested to listen in to the conference call. Certainly looks to be good momentum within the business and they have done an excellent job at taking cost out and now communicating what this business COULD look like... Now to get it there.

Amidst this mini rally we have seen in markets this year, CAT has retraced since Quest Asset Partners concluded their buying a few week ago.



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