Strong organic sales growth enhanced by acquisition, saw FY22 revenue jump 92% yoy to swing the Group to its first positive Adj. EBITDA. The IQG business saw 57% organic growth, while Comsof (acquired in August) has performed very well indeed, more than doubling its expected revenue contribution in 2H and substantially adding to exit ARR – which rose 84% to £15.1m at YE, comfortably underpinning our forecast 17% rise in revenue to £31.0m in the year ahead. IQG has adopted a SaaS model, building ....
27 Mar 2023
IQGeo Group - Rapid growth in recurring revenue delivers first profits
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IQGeo Group - Rapid growth in recurring revenue delivers first profits
IQGeo Group PLC (IQG:LON) | 376 -90.2 (-6.0%) | Mkt Cap: 232.0m
- Published:
27 Mar 2023 -
Author:
Michael Hill | Cavendish Research -
Pages:
17
Strong organic sales growth enhanced by acquisition, saw FY22 revenue jump 92% yoy to swing the Group to its first positive Adj. EBITDA. The IQG business saw 57% organic growth, while Comsof (acquired in August) has performed very well indeed, more than doubling its expected revenue contribution in 2H and substantially adding to exit ARR – which rose 84% to £15.1m at YE, comfortably underpinning our forecast 17% rise in revenue to £31.0m in the year ahead. IQG has adopted a SaaS model, building ....