From the 2021 results release:

" FINANCIAL SUMMARY – ACCELERATING GROWTH IN SUBSCRIPTION 

REVENUE 
Catapult reported revenue of $67.3 million, a decline of 7.4%. Revenue was lower due to 
the planned switch from capital sales to SaaS deals and the severe impact from COVID
delaying new business.
In line with the growth momentum of Catapult’s SaaS metrics, subscription revenue 
growth accelerated to 12.5% in Q4 versus 3.3% for FY21. High-quality subscription revenue 
comprised 79% of total revenue in FY21, up from 71% a year ago. Notably, subscription 
revenue in the Performance & Health vertical, the largest vertical by revenue, grew by 
15.8%. Subscription revenue was up 1.6% in the Tactics & Coaching vertical. 
EBITDA remained positive at $6.5 million but declined $3.9 million with the switch from 
capital sales to higher-quality margin SaaS deals and the impact of COVID. Underlying 
EBITDA1 was $8.3 million declining by $2.1 million from FY20. Free cash flow remained 
positive and grew 69% to $4.9 million. "

This portion of the release was less positive than the rest of the document.