Audioboom has announced strong FY21 results, with revenue growth of +125% to $60.3m that is +$0.1m ahead of our prior forecast, FY21 gross profit growth of $13.3m or +2% ahead, and FY21 adjusted EBITDA of $3.1m or +5% ahead. Its excellent momentum has continued into FY22 where on 11 April it announced a record Q1 with revenue growth of +107% to $19.7m, adjusted EBITDA of $0.9m (Q1 21 $0.03m), and record monthly downloads of 131m in March 2022. Its FY21 and Q1 22 performance has been driven by st ....
25 Apr 2022
Audioboom Group - Strong FY21 results and a record Q1 to start FY22
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Audioboom Group - Strong FY21 results and a record Q1 to start FY22
Audioboom Group PLC (BOOM:LON) | 242 -12.1 (-2.0%) | Mkt Cap: 39.7m
- Published:
25 Apr 2022 -
Author:
Michael Hill -
Pages:
19
Audioboom has announced strong FY21 results, with revenue growth of +125% to $60.3m that is +$0.1m ahead of our prior forecast, FY21 gross profit growth of $13.3m or +2% ahead, and FY21 adjusted EBITDA of $3.1m or +5% ahead. Its excellent momentum has continued into FY22 where on 11 April it announced a record Q1 with revenue growth of +107% to $19.7m, adjusted EBITDA of $0.9m (Q1 21 $0.03m), and record monthly downloads of 131m in March 2022. Its FY21 and Q1 22 performance has been driven by st ....