Catapult Group International Ltd: Unveils 1H FY24 Results

Catapult Group International Ltd (ASX: CAT) has reported robust financial results for the half-year ending September 30, 2023 (1H FY24). The company, a global leader in sports technology solutions for professional teams, achieved an Annualized Contract Value (ACV) of US$79.7M (AU$124M), marking a significant 21% increase on a constant currency (CC) basis year on year (YoY). Revenue also saw a parallel growth, reaching US$49.8M (AU$77M), representing a 21% (CC) YoY increase. Noteworthy metrics include a remarkable ACV Churn rate of 3.6%, reaffirming Catapult's best-in-class retention trends.

The company demonstrated strong operating leverage with an incremental profit margin of 19% in 1H FY24, coupled with positive Free Cash Flow (FCF) of US$1.4M. Additionally, the repayment of US$4.7M in debt reflects confidence in Catapult's outlook and enhanced financial position. Core metrics, such as an 18% YoY increase in Lifetime Duration to 7.1 years and a 9.4% (CC) YoY rise in Average ACV per Pro Team to US$23.7k, underscore the company's consistent and robust performance. Catapult's success is attributed to its scalable business model and the integration of its products into team workflows, evidenced by the growth in Pro Teams by 9.6% YoY to 3,217 teams.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com