Good results overall, would be getting harder for the shorters to find negative points:
FY17 Financial and Operational Overview
United States
Accelerating ACV growth as sales and marketing productivity improves
ACV has more than tripled to USD$5.3M (30 June 2016: USD$1.5M)
Subscriptions up 67% to 605 (30 June 2016: 363)
Revenue of USD$3.2M (FY16: USD$0.7M)
Gross margin approaching breakeven as revenue growth outpaces cost of revenue growth
Australia
ACV up 16% to $40.0M (30 June 2016: $34.4M)
Subscriptions grew 6% to 7,227 (30 June 2016: 6,827)
Revenue up 22% to $36.3M (FY16: $29.7M)
Gross margins remain above 90% demonstrating the operational leverage of the business model
EBIT of $20.9M (FY16: $16.5M)
Group
EBITDA of $6.0M (FY16: $0.6M) delivered within guidance provided at the time of the November 2016 capital raise Cash balance of $28.3M (30 June 2016: $12.2M)
Net operating cash flows of $3.7M (FY16: $1.3M) Strong balance sheet following capital raise and shareholder purchase plan, with no debt
NEA Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held