It\u2019s earnings season again as the ASX market announcements page becomes increasingly flooded with earnings lodgements.<\/p>\n
To save you the trouble of trudging through it all, we\u2019ve wrapped up the highlights from some of the reports that caught our eye.<\/p>\n
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Highlights:<\/strong><\/p>\n \u2013 Revenue of $10.7m in Q2 FY24, up 9% on Q1 FY24,<\/strong> The SaaS company began FY24 with a stated strategy to grow its revenue by 50%, realise annualised cost efficiencies of $20m, and drive higher margins which targets a break-even operating cash position in FY25.<\/p>\n At the end of the December quarter, Dubber says it is on track to achieve those goals.<\/p>\n The company says its unique proposition is to be the data capture backbone for the world\u2019s telecommunications networks, having a long-held belief that AI based services will be fundamental to every type of network-based communication in the future.<\/p>\n Dubber has now reiterated its expectations for FY24, which was released with the FY23 Annual Report.<\/p>\n \u00a0<\/p>\n Highlights:<\/strong><\/p>\n \u2013 Q2 FY24 revenue of US$31.4 million, 14.9% higher than pcp<\/strong> \u00a0<\/p>\n Keypath said it\u2019s making progress in its strategic focus on Healthcare education in the US and the APAC region.<\/p>\n \u201cFurther underlining our confidence in the future, we continue to expect future vintages will achieve US$25 million \u2013 US$35 million in revenue at maturity,\u201d said Keypath founder and CEO, Steve Fireng.<\/p>\n Keypath says it is well-positioned to expand its technology and services to continue assisting universities in providing quality access to education in a digital environment, including by continuing to grow programs across partners and regions.<\/p>\n \u00a0<\/p>\n Highlights:<\/strong><\/p>\n \u2013 Loan portfolio for the quarter increased to $2.07 billion, 24% above pcp<\/strong> During the quarter, Plenti achieved strong operational performance across all areas of its business, which the company said was especially pleasing given the focus on its strategic partnership with NAB.<\/p>\n \u201cWe enter 2024 excited about our ability to drive strong operational results in our existing activities, whilst also delivering on exciting new initiatives, most notably the launch of the \u2018NAB powered by Plenti\u2019 car loan,\u201d said CEO, Daniel Foggo.<\/p>\n Plenti\u2019s loan portfolio remains diversified across three lending verticals, with the contribution from renewable energy continuing to increase over the period.<\/p>\n Automotive loan originations were $153 million, up 7% on pcp, but down 1% from the prior quarter.<\/p>\n Renewable energy loan originations reached a record of $42 million, up 25% on pcp.<\/p>\n Plenti say it is on track to achieve the FY24 priorities, which includes growing revenue to over $200 million.<\/p>\n \u00a0<\/p>\n Highlights:<\/strong><\/p>\n \u2013 H1 expected NPAT is approx. $5.9m, up +50% on pcp<\/strong> The increase of 50% on NPAT was despite MOZ absorbing an estimated negative impact of $4.3m due to an adverse currency movement against the USD.<\/p>\n Stock intake for the half was around $41m below prior year, in-line with the Group\u2019s balance sheet improvement strategy.<\/p>\n Since returning the Group to post-Covid profit in FY23, the company said its priority was on improving its balance sheet in FY24, as the final step of its turnaround.<\/p>\n \u201cThat saw us take a front foot approach on stock management for the first half and negotiating an improved cost price for goods looking to the next 12 months,\u201d said CEO Scott Evans.<\/p>\n \u201cWe\u2019ll now lift stock intake from March for the second half on the back of some of the most favourable inventory costs the Group has achieved in its history.\u201d<\/p>\n In terms of H2 outlook, recent negotiations have resulted in the Group achieving some of the most favourable cost prices for its products experienced in its history, which is forecasted to further support earnings and balance sheet improvement in H2.<\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n\n \ufeff<\/span><\/span>\u00a0 The post ASX Earnings Wrap: Plenty to cheer as Dubber, Keypath and Mosaic Brands report strong numbers<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"
\n\u2013 Reiterates its previously advised guidance for FY24 of revenue of $45m and costs of $65m<\/strong>
\n\u2013 Cash on hand at 31 December 2023 was $30.2m<\/strong><\/p>\nKeypath Education (ASX:KED)<\/a><\/strong><\/h2>\n
\n\u2013 H1 FY24 revenue of US$66.9 million, 14% higher than pcp<\/strong>
\n\u2013 Strong cash position of US$41.7 million (with no debt) as of December 31<\/strong><\/p>\nPlenti Group (ASX:PLT)<\/a><\/strong><\/h2>\n
\n\u2013 Loan originations of $291 million, 2% below pcp<\/strong>
\n\u2013 Quarterly revenue of $54.4 million, 46% above pcp<\/strong><\/p>\nMosaic Brands (ASX:MOZ)<\/a><\/strong><\/h2>\n
\n\u2013 In-store only comparable sales -6.6% vs pcp<\/strong>
\n\u2013 Balance sheet net current asset position improves by circa $11.6m<\/strong><\/p>\nShare prices today:<\/h2>\n
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