Envirosuite delivers record quarter, $2.1m in ARR

8 April 2021

Strong Q3, delivering $2.1m new ARR

• The quarterly ARR added was an increase of ~180% ($1.15m) on the previous quarter
• Total ARR is now $42.5m
• One-off revenue of $1.7m in hardware and services
• 13 new customers added complimenting key expansion revenue across existing customers
• Churn remaining approximately 2% for the financial year
• Strong demand and pipeline building for Q4 FY21

Envirosuite Reports Q2 FY2021 Sales Update

Key Highlights:

• $1.1m in new ARR added during the quarter with 19 new clients across all EVS’s major sectors of Mining, Industrial, Airports and Water. Average ARR per site of $60,000.
• $3.0m in new non-recurring revenue (hardware and services) awarded of which approximately $2.0m was in the Airports sector.
• 37 contract renewals totalling $2.7m with a churn rate of less than 0.2%.
• $12.0m of new ARR in unweighted pipeline (over $2.5m weighted) identified for Q3 FY2021 with over 150 opportunities being pursued.