Comms Group Ltd (ASX:CCG)
A$ 0.077 0 (0%) Market Cap: 29.86 Mil Enterprise Value: 35.65 Mil PE Ratio: 0 PB Ratio: 0.93 GF Score: 0/100

Full Year 2024 Comms Group Ltd Earnings Call Transcript

Aug 21, 2024 / 01:30AM GMT
Release Date Price: A$0.0625 (+20.19%)

Key Points

Positve
  • Record revenue of $55.5 million, exceeding guidance.
  • Underlying EBITDA of $6.6 million, in line with guidance.
  • Operating cash flow increased by 150% to $3.8 million.
  • Free cash flow increased nearly 200% to $3.5 million.
  • Inaugural dividend of $0.0025 per share declared, fully franked.
Negative
  • Operating loss before tax, though improved, still at a small loss of $100,000.
  • Increase in corporate costs and overheads due to additional head office employees.
  • Non-current assets decreased from $48.1 million to $44.8 million due to amortization.
  • Current borrowings increased from $1 million to $7.6 million.
  • Some revenue churn in the SME telco market.
Peter Mcgrath
Comms Group Ltd - Chief Executive Officer, Executive Director

Good morning, everyone. My name is Peter McGrath, CEO of Comms Group Limited. With me this morning, I have Matthew Beale, our CFO, and we're going to be running through our FY24 full year results. We'll run through the presentation. If you have any questions, please launch them by the Q&A function or the chat session there, if you like or alternatively, you can launch them on via our website.

We'll make a start now. We have quite a few people who joined. So thank you for taking the time out to join with us this morning.

In terms of highlights for FY24, it's been a significant year for Comms Group, which had record revenue and EBITDA reported, which we're actually delighted with total revenue of $55.5 million, which exceeded guidance and underlying EBITDA of $6.6 million, which was in line with guidance. I think a couple of key achievements here.

Firstly, all of the revenue growth is come from organic revenue growth and over 90% of the revenue was recurring. Another key highlight for the year was

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot