FADEL’s FY23 results show revenue growth of +10% to $14.5m, including recurring revenue growth of +31% to 79% of group revenue, net cash of $3.0m in line with the January trading update, and a promising start to FY24 with the overall sales pipeline now as large and diverse as at any point in the company’s history. As the management team is now fully focused on scaling SaaS revenue alongside selectively scaling the operations, we revise our FY24E and FY25E revenue, upgrade our FY24E net cash, and ....
30 Apr 2024
FADEL - Promising progress through FY23, focus on SaaS revenue
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FADEL - Promising progress through FY23, focus on SaaS revenue
Fadel Partners, Inc. (FADL:LON) | 141 0 0.0% | Mkt Cap: 28.5m
- Published:
30 Apr 2024 -
Author:
Andrew Darley | Michael Hill -
Pages:
20
FADEL’s FY23 results show revenue growth of +10% to $14.5m, including recurring revenue growth of +31% to 79% of group revenue, net cash of $3.0m in line with the January trading update, and a promising start to FY24 with the overall sales pipeline now as large and diverse as at any point in the company’s history. As the management team is now fully focused on scaling SaaS revenue alongside selectively scaling the operations, we revise our FY24E and FY25E revenue, upgrade our FY24E net cash, and ....