CAT - Catapult Group International

[barney]

ps …. If you have a look on the BC8 thread … @finicky has posted a chart which also resembles a developing "cats ear" … hopefully it behaves

 

[barney]

I am perhaps being overly cautious with the CAT chart as it did not suffer from any ultra high Volume at the recent highs and is therefore likely to continue on its merry way as Clansman has predicted.

Correction $2.21. No concerns with the demand still there.

Hats off to @Clansman ...... looking good!

Chart mumblings for my own future reference

 

[Trav.]

June Stock Tipping Competition Entry

Ok I have not looked at CAT before but scan picked it up via a pull back signal on the close yesterday.

It looks to have had a nice run already up 184% since low in March, and sector appears to be getting stronger so maybe we will another 50% gain to reach the high $2.24 in January 2020.

 

[Dona Ferentes]

Catapult Group International Limited (ASX:CAT) is pleased to announce the strategic acquisition of leading sports software video solutions provider, SBG Sports Software Limited, and plans for increased investment in technology, data science, and scale capacity, to accelerate the Company’s growth strategy.

Central to this accelerated growth strategy are significant opportunities to drive additional customer value, and to expand Annualized Contract Revenue by 10x.

The SBG acquisition and increased investment to scale growth will be funded through a $35M underwritten institutional placement (representing approximately 12% of the Company’s existing issued capital) and a $5M non-underwritten share purchase plan. In addition to the Placement, two Directors of Catapult will subscribe for $1.35M of shares, on the same terms as participants under the Placement, subject to shareholder approval. All shares will be issued at a price of A$1.90.

 

[frugal.rock]

CAT
Chart update.
3 years

3 months

 

[Dona Ferentes]

CAT
Chart update.

annuals came out a week ago, so it's a slow process of discovery
FY23 HIGHLIGHTS
• H2 EBITDA of US$2.2M, a US$15.4M improvement from H1
• H2 Gross margin rebounded to 81% from 71%
• Cost to operate the business dropped US$11.9M in H2 from H1
• Operating cashflow +40% YoY to US$3.7M
• SaaS Revenue +21.8% YoY, contributing to a total Revenue of US$84.4M
• Record H2 sales; FY23 Annualized Contract Value +20.2% YoY to US$76.8M
• ACV Churn at record low rates of 3.8%
• Performance & Health Vertical ACV grew 28% YoY.

Commenting on the results, Catapult’s CEO Will Lopes said,

“Catapult achieved great results during the second half of FY23. We returned the business to EBITDA positive, an improvement of more than US$15M. We were able to reduce expenses and maintain growth, as ACV in our largest vertical expanded 28% during the year. I am confident that margins will continue to improve, and the Company will return to generating positive free cash flow in FY24.”

“It is exciting to see the progress made in our video platform for the coming sales season in the US and Europe. We added several features that will positively impact our customers’ workflows, saving them time while giving them new insights. The early sales success in the EMEA and APAC regions, where we don’t have a well-established subscription base for video solutions, is very encouraging for FY24.”

.... me; wow.

 

[galumay]

Many times bitten, now very shy will surely be the story for investors in this one. Has always suffered from a terrible management team.

 

[bk1]

Recently reaffirmed guidance for FY25

 

[bk1]

Testing new highs. Selling in the main has been light.
Adding to the position...

 

[finicky]

I don't get this, but Market Matters thinks it's got a future. From this afternoon's report:

• Catapult (CAT) +3.2% rallied and looks phenomenal, knocking on the door of new highs – this is a stock that could be multiples of its current share price in coming years.

Not Held

 

[galumay]

Management the main issue with this one @finicky, really poor capital allocation has seen massive destruction of shareholder value historically. They may have finally turned the corner, but i wouldn't trust them with my money. It was a favourite of micro cap fundies who pumped it hard in the past. (and burnt client's funds)

 

[bk1]

Shrugged off that red bar on wednesday that contained a measure of buying.
Heavy volume today, as high as its ever been.
Added again.

 

[bk1]

SP has risen 6.5% for the week, earnings call is in two weeks time..

 

[Value Hunter]

Management the main issue with this one @finicky, really poor capital allocation has seen massive destruction of shareholder value historically. They may have finally turned the corner, but i wouldn't trust them with my money. It was a favourite of micro cap fundies who pumped it hard in the past. (and burnt client's funds)

I totally understand what you are saying. At least the underlying business has attractive fundamentals. The old dilemma of business quality vs management. Oftentimes you get a good business with crap management or a crap business with good management. Its rare to get the combination of a good business with good management. That would probably be like 3% or 4% of stocks on the ASX and most of those stocks are trading at sky high price to earnings ratios.

 

[galumay]

I totally understand what you are saying. At least the underlying business has attractive fundamentals. The old dilemma of business quality vs management. Oftentimes you get a good business with crap management or a crap business with good management. Its rare to get the combination of a good business with good management. That would probably be like 3% or 4% of stocks on the ASX and most of those stocks are trading at sky high price to earnings ratios.

So true, VH, over the years I have come to the view that its just better to pay up for the good business, good management combo.

 

[Dona Ferentes]

SaaS success launches Catapult’s profits skyward​

from Finance News Network |

Catapult Group International (ASX:CAT) has announced a robust financial performance for the first half of FY25, ending 30 September 2024. The company’s Annualised Contract Value, a key measure of recurring revenue, surged by 20% year-on-year to reach US$96.8m, driven by expansion in Catapult’s Performance & Health and Tactics & Coaching verticals. Revenue climbed 19% to US$57.8m, with free cash flow improving to US$4.8m, already surpassing Catapult’s FY24 full-year free cash flow.

Catapult provides performance analytics tools for elite athletes and teams across the globe, delivering insights to optimise training, prevent injuries and enhance return-to-play protocols. The company’s offerings span three main segments: Performance & Health, which includes wearable technology and athlete monitoring software; Tactics & Coaching, providing video analysis tools for game strategies; and Media & Other, covering media licensing and athlete management services. The company has clients in over 40 sports worldwide.

Catapult’s CEO Will Lopes highlighted the success of the company’s software-as-a-service (SaaS) growth strategy. “Our Performance & Health vertical delivered another predictable and reliable performance, and we’re continuing to see increased adoption of our New Video Solutions,” Lopes noted.

ACV retention remained high at 96.2%, while customer lifetime duration increased to 7.6 years. The company also achieved an incremental profit margin of 75%, reflecting improved efficiencies.
Notable product developments included the launch of sideline video analysis for NCAA football, live insights for UEFA’s Euro 2024, and new algorithms tailored to sports like basketball and rugby. Looking ahead, Catapult expects strong ACV growth and higher free cash flow, with continued innovation in athlete and team performance solutions to drive further growth.

Shares are trading 8% higher at $2.86.