DSE - Dropsuite Limited

[Dona Ferentes]

hanging on .... 29c
market cap $200 million

 

[Dona Ferentes]

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Managing Director and CEO, Charif Elansari said: “Our FY23 results continued to highlight the Company’s highly scalable and sustainable growth with positive momentum across all of our key financial and operational metrics. Our growth momentum will be sustained by continued investment in research and development as well as go-to-market functions in FY24.

"However, our investment will be balanced by our desire to maintain positive cashflow and profitability in line with levels delivered in FY23. With a robust balance sheet, favourable market tailwinds from data security and regulation in an environment of
increasing cyber-attacks, the scalability of our product suite, and importantly the excellent service and support we provide to our clients, we are well positioned to deliver growing and sustainable returns to our shareholders. “

27c

 

[Dona Ferentes]

update out .... now $0.31

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[Dona Ferentes]

Dropsuite Limited (ASX: DSE) advises that it is seeking shareholder approval at the Annual General Meeting of the Company to be held on Tuesday, 21 May 2024 to consolidate the issued capital of the Company through the conversion of every ten (10) existing shares into one (1) Share.

The Consolidation, if approved, will provide a share price that is more appealing to a wider range of international investors especially in North America where Dropsuite derives approximately 68% of its total revenue (based on FY23 financials).

The Consolidation applies equally to all shareholders such that each shareholder’s proportional interest in the Company’s issued capital will remain unchanged, except for the minor impact due to rounding of fractional holdings.

 

[Dona Ferentes]

Dropsuite Limited (ASX: DSE) has consolidated the issued capital of the Company through the conversion of every ten (10) existing shares into one (1) Share..

now done . back trading on normal code.
Charting has made allowances to reflect new numbers ... except for volume. Which doesn't reflect value

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[Dona Ferentes]

breaking North, up 7 per cent to $3.30

Highlights
> Annual Recurring Revenue of $39.9m, up 31% on the Previous Corresponding Period
> Record seat adds of 112k, growing total paid user count to 1.35 million
> Monthly ARPU of $2.47, up 5% PCP
> Product gross margin of 69%
> Churn returned to <3% level
> Q2 FY24 operating cashflow of $0.54m

Outlook
Dropsuite is well positioned to deliver strong annual recurring revenue growth driven by our significant existing partner base and a growing pipeline of new partners and new products. The Company remains focussed on:
- Delivering ARR growth via its existing partner ecosystem, strong sales pipeline and expanded product line.
- Incremental investment in Research & Development and Go-To-Market functions in 2024 to sustain growth momentum.
- Maintaining cashflow and profitability broadly in line with FY23 levels.
- Driving product innovation to maintain our leading position as a backup vendor of choice.
- Pursuing high conviction M&A opportunities taking advantage of strong market tailwinds around data protection.

 

[Dona Ferentes]

running well, another Q out

Highlights
> Annual Recurring Revenue (ARR1) of $42.6m, up 34% on the Previous Corresponding Period on a constant currency basis
> Record seat adds of 135k, growing total paid user count to 1.48 million, +34% on PCP
> Monthly ARPU of $2.39, up 1% vs PCP on a constant currency basis
> Product gross margin of 69%
> Churn remains below 3% level
> Q3 FY24 operating cashflow of $0.78m

and $25M in cash

 

[Dona Ferentes]

Highlights
> Annual Recurring Revenue (ARR1) of $42.6m, up 34% on the Previous Corresponding Period on a constant currency basis
> Record seat adds of 135k, growing total paid user count to 1.48 million, +34% on PCP
> Monthly ARPU of $2.39, up 1% vs PCP on a constant currency basis
> Product gross margin of 69%
> Churn remains below 3% level
> Q3 FY24 operating cashflow of $0.78m

and $25M in cash

a week later