EVS’ total ARR (annual recurring revenue) grew 15% in Q3 on pcp to $56.2m. Q3 new sales were $4.2m, up 14% on pcp. The company said it remains on track to achieve its target of transition to Adjusted EBITDA profitability during FY23.

EVS Aviation • Total ARR of $34.5m, up 8.5% on PCP (21% on PCP when excluding Australian DoD impact), with New ARR of $0.9m for the quarter.

• Abnormal churn increase in Q3 primarily due to the cessation of revenues for three of five sites currently contracted with Australian DoD. o Services going forward are for a different scope compared to the services that Envirosuite historically provided at these sites, and the services Envirosuite provides to other customers. o Envirosuite is contracted to provide services to the other two sites until at least FY25. o There was zero churn in Q3 aside from this in EVS Aviation.

• Multi-year €8.9m ($14.3m AUD TCV, $4.8m ARR) renewal and expansion of marquee European customer Aena, the world’s largest airport operator by passenger volume. Under the expanded agreement, Envirosuite will now provide its InsightFull community engagement solution at three major Spanish airports as part of Aena’s requirements under European Directive 2003/4/EC.

• New opportunities in China with a newly signed customer to be delivered with a local Chinese systems integrator, with several other opportunities in progress

EVS Envirosuite Ltd,

So a good  financial report in July 2021.

share price chart rebounds. 10c to 13c strong rebound 26/7/21.

if we place a 50day MA . The price is above the 50DMA, So promising here.

MACD has peaked

RSI is high at 60

EVS could break to upside or downside at this moment of time.

No fundamentals to support this price.

pure growth via CAGR and ARR... or nothing.

IMO...

8/ July 21. announcement....Summary

Envirosuite announced the successful achievement of another record quarter of $2.3m in new ARR sales.

New ARR sales for the quarter were generated across its core focus industries with $1.0m from Airports, $0.5m from Waste and Wastewater and $0.4m from Mining with the residual $0.4m coming from other customer segments.

Of new ARR sales, $1.3m came from existing customers, demonstrating the Company's execution of its strategy of growing deeper relationships with its blue-chip customer base. New sales combined with favourable foreign exchange movements of $0.8m and continued unwinding of discounts contributed to ARR increasing to $46.5m up $4.0m (9%) on the prior quarter and up $3.5m (8%) on PCP.

Noted:

1/Strawman touted ARR of 20% is required..

2/So EVS "needs sustainable EBITDA If this happens, shares are very cheap."