Aeeris released the Quarterly report for period ending 31 Dec 2021

Key highlights include:

• Receipts from customers $654K, growth of 30% on the PCP
• Cash at the quarter end $3m, growth of 149% on the PCP
• No debt
• Total net cash flow $400K, growth of 256% on the PCP

Annual recurring revenue improved significantly due to customer acquisition.

The graph below shows ARR for year to date 2022 (6 month period) compared to full year ARR for previous years.

I have attached some snipets showing key information from the Aeeris Investor presentation released today.

AER has increased annual reoccuring revenue from 1.6m (FY21) to 2m in FY22ytd.

This is due to additional contract wins with major insurers.

Customers using their proprietary technology are shown in the image below, this includes:

- Major Insurance Companies

- Local Councils

- Utilities

+ Other Australian companies with an eye on risk mitigiation of their assests.

I think there is huge upside with this company as climate risk management is becoming more and more important for local government, insurers and businesses.

As reported by Aeeris, the total addressable market in AU is $750m-$1bn and global market is significantly larger.

As it stands AERs is a $10m company with $1.8m revenue (FY21), $470K earnings (FY21) and free cashflow positive.

Disclosure: Held (but do your own research).