Update

Market Release – FY23 Annual Results

May 30, 2023

We report our FY23 audited financial results for the year ended 31 March 2023, delivering on margin guidance and a consecutive year of profitability (as defined by Adjusted EBITDA). Revenue rose 6% to NZ$59.4 million (from NZ$55.9 million in the prior corresponding period), cash collections were NZ$62 million (up 23%), Gross Margin was 57% (ahead of guidance of >54%, +300bp on FY22), and Adjusted EBITDA was NZ$1.4 million (up materially from NZ$0.2 million in FY22). Free Cash Flow in Q4 alone was a record NZ$1.7 million.

Official ASX-lodged document
Market Release – FY23 Annual Results
PDF · authoritative source · opens in new tab

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