Infomedia Ltd (ASX:IFM) announces FY22 results; Revenue grew 23%

Infomedia Ltd (ASX:IFM), has released its FY22 results for the period ended 30 June 2022.

Amidst challenging business environment, Infomedia’s revenue grew 23% to AU$120. million for FY22, compared to FY21 with strong contributions from all regions & products. The company has an exit Annual Recurring Revenue of AU$119.3 million as of 30 June 2022.

Other details from the results include:

• FY22 Underlying Cash EBITDA up 29% at AU$24.8 million, from AU$19.3 million in the previous corresponding period.
• NPAT  was down 49% on pcp at AU$8.2 million.
• In FY22, free cash flow (generated from operating activities following capital expenditure & capitalised development costs) rose 79% to AU$22.1 million.
• The company is well positioned to deliver revenue from AU$131 million to AU$139 million in FY23.
• EPS for FY22 declined 49% at 2.19 cents per share.

Today, Infomedia shares were spotted trading 13.240% lower at AU$1.245 per share on ASX at 10:51 AM AEST.

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