ESYS finals confirm delivery of in-line revenue growth of +6% FY’22 to £23.3m (SCM: £23.4m), ARR growth of +11% y/y to £21.9m (SCMe: £22.3m) and an adj EBITDA loss of £7.0m (SCMe: £6.6m; FCF in-line) in a challenging year. FY(Jul)’22 saw an abnormally high rate of site churn as a function of tough trading conditions for smaller ESYS customers (including one customer insolvency) which, coupled with some ongoing site optimisation at larger customers, led to total site numbers down 3% to 458. Yet w ....
18 Oct 2022
Pipeline builds, but headwinds remain
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Pipeline builds, but headwinds remain
essensys PLC (ESYS:LON), 18.2 | essensys PLC (ESYS:LON), 18.2
- Published:
18 Oct 2022 -
Author:
Caspar Erskine -
Pages:
3
ESYS finals confirm delivery of in-line revenue growth of +6% FY’22 to £23.3m (SCM: £23.4m), ARR growth of +11% y/y to £21.9m (SCMe: £22.3m) and an adj EBITDA loss of £7.0m (SCMe: £6.6m; FCF in-line) in a challenging year. FY(Jul)’22 saw an abnormally high rate of site churn as a function of tough trading conditions for smaller ESYS customers (including one customer insolvency) which, coupled with some ongoing site optimisation at larger customers, led to total site numbers down 3% to 458. Yet w ....