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Aspermont Limited ( (AU:ASP) ) has provided an update.
Aspermont Limited has reported its 35th consecutive quarter of growth in subscriptions, with an annual recurring revenue of $11.2 million, marking a 4% increase year on year. The company has also seen a 17% rise in average revenue per unit and a nearly 100% net retention rate. The company’s subscription revenue now constitutes 75% of its total revenue, a 10% increase from the previous year. Aspermont is exploring new data product opportunities with top mining companies and marketing agency Nexus, as well as expanding its live event, Future of Mining. These initiatives are expected to bring positive outcomes in the second half of the year. The company’s H1 financials show a revenue of $6.7 million from continuous operations, an EBITDA of negative $0.6 million, and net cash of $0.7 million, highlighting emerging cyclical and event-based opportunities.
More about Aspermont Limited
Technical Sentiment Signal: Sell
Current Market Cap: A$12.35M
For an in-depth examination of ASP stock, go to TipRanks’ Stock Analysis page.