Historic Year for Catapult
FY '24 marked a key inflection point for Catapult, with revenue crossing $100 million, marking a 20% year-over-year growth in annualized contract value (ACV).
Significant Free Cash Flow Generation
Catapult generated $4.6 million of free cash flow, an improvement of more than $26 million from the previous year, demonstrating sustainability in cash generation.
High Customer Retention
The annual retention rate was 96.5%, indicating strong customer satisfaction and loyalty.
Strong SaaS Revenue Growth
SaaS revenue grew by 24% year-over-year, forming the majority of the recurring revenue which is now 92% of overall revenue.
Gross Margin Improvement
Gross margin improved to 81% from 76% due to improved product mix and cross-selling efforts.
Innovative Product Launches
Key innovations included the Vector Core product and a new version of the Catapult Vest, alongside AI-driven race control software used in Formula 1.
Strategic Partnerships and Market Expansion
Notable partnerships include the SEC for sideline video analysis in American Football and expansion into new regions, such as league-wide deals in Chile and Costa Rica.