We initiate coverage of GetBusy with a target price of 160p. The investment case is focused upon scaling the complementary SaaS products, which provide productivity and document management solutions for the accounting and professional services industries. Today’s FY22 results show excellent progress, with revenue of £19.3m +1% ahead of the December trading update, organic revenue growth increasing to +20% in H2 22 from +10% in H1 21, and FY22 net cash of £3.0m ahead of consensus of £2.4m. In FY2 ....
01 Mar 2023
GetBusy - Productively scaling to create value, strong FY22 results
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GetBusy - Productively scaling to create value, strong FY22 results
GetBusy Plc (GETB:LON) | 66.5 0 0.0% | Mkt Cap: 33.6m
- Published:
01 Mar 2023 -
Author:
Michael Hill | Kimberley Carstens -
Pages:
21
We initiate coverage of GetBusy with a target price of 160p. The investment case is focused upon scaling the complementary SaaS products, which provide productivity and document management solutions for the accounting and professional services industries. Today’s FY22 results show excellent progress, with revenue of £19.3m +1% ahead of the December trading update, organic revenue growth increasing to +20% in H2 22 from +10% in H1 21, and FY22 net cash of £3.0m ahead of consensus of £2.4m. In FY2 ....