Skyfii reports 30% growth in its recurring revenue in Q3 FY2022

Skyfii Ltd (ASX: SKF) has provided its business overview for Q3 FY2022.

• The Company reported a 30% growth in its recurring revenue to AU$3.8 million.
• The total operating revenue for the period was AU$5.7 million, up 59% compared to the previous corresponding period (pcp).
• Quarterly Cash Receipts from customers increased 54% to AU$6.2 million up 54% on pcp, inclusive of R&D tax rebate.
• Cash at bank by the end of March 2022 quarter was AU$5.0 million with access to AU$2 million loan facility, which remains undrawn.

In the coming period, SKF will focus on key verticals including airports, stadiums, retail properties and quick service restaurants. It will be growing adoption of advanced behavioural intelligence technology solutions like LiDAR continues to drive a strong pipeline across all regions.

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 Maven Capital Pty Ltd (AFSL No. 418504). The information contained in this article 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, Suite 1A, Level 2, 802-808 Pacific Highway, Gordon NSW 2072, Australia | 1800 005 780 | info@kapitales.com.au