Half Year 2024 Ras Technology Holdings Ltd Earnings Call Transcript
Key Points
- Revenue for the first half of FY24 was $7.6 million, up 33% from the prior corresponding period.
- EBITDA increased to $641,000, showing significant improvement from the previous period.
- Annualized Monthly Recurring Revenue (AMRR) grew by 35% to $15.1 million.
- Strong cash position with $8.5 million in cash assets and minimal cash burn.
- Significant deals signed with Stake and Playbook Engineering, expected to drive future growth.
- Small EBIT loss of $145,000, indicating the company is still navigating through the breakeven period.
- Revenue growth partly attributed to a one-off transaction in the prior period, which may not be sustainable.
- Investments in UK and French markets have led to material expenditures ahead of revenue generation.
- Operating cash flow improvements are still stabilizing, indicating ongoing financial adjustments.
- Pipeline of deals can be lumpy and impacted by seasonality, leading to potential revenue fluctuations.
Good morning, and welcome to RAS Technology's investor webinar following the release of the first half financial year 2024. From the company today, we have the Managing Director and CEO, Stephen Crispe, and Company CFO, Tim Olive. (Operator Instructions)
Before I hand over it to Stephen and team to go through the presentation up on the screen, I'll just remind you that we will do a Q&A at the end of the presentation, which you can submit through the Q&A button at the bottom of your screen.
Stephen, I'll hand it over to you. Thanks very much.
Wonderful. Thanks so much, Simon, and thank you, everyone, for joining today for our half year results. Obviously, been an exciting and busy half year for us as you know in the business we continue to grow and scale across all territories and geographies and all parts of that business as well.
Look, it's got some of the vision statement, to be the global leader in data, analytics, and
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