Financial Highlights
• Strong quarterly performance revenue of $6.9m, up 66% on (PCP)
• Highest ever monthly revenue in March 2021
• ARR at 31 March of $33m, up by 98% on (PCP)
• Operating cash receipts of $7.2m for the Quarter
• Record Gross Margin: on a year to date (YTD) basis has now expanded to 81% from 67% (PCP)
• YTD EBITDA Margin of 20%, up from 15.3% (PCP)
• Improve financial flexibility with new $20m debt facility
SP up 6% …. but still have to go out there and get the growth
Other Highlights
• 30 new clients acquired during Q3, taking YTD new clients to 102
• The synergies target from the Vault acquisition of $5.2m has been further upgraded and is now finalised at $6m
• Active user numbers increased by 61% to 689,000 from 427,000 (PCP)
• Enterprise Protection Platform (EPP) positioning received positively by existing and potential clients
Business and Operational Review
Damstra is one of the first companies globally to successfully deliver a technology solution for enterprise-wide protection and safety of organisations. The success of our solution is demonstrated by our expanding geographic footprint: Damstra products are now used in the United Kingdom, Holland, Ghana, Antarctica, Hong Kong, Singapore, Philippines, and the USA, to name a few.
Outlook
Damstra is now forecasting for FY21, revenue of between $28.5 – $30.5m.
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