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- Global information governance software provider Ansarada (AND) reports record results for 1H FY22 including 52 per cent revenue growth and 21 per cent customer growth
- Total revenue for the half was $23.4 million and cash flow was positive, increasing from $1.2 million to $6.7 million year on year
- Ansarada attracted 3,670 customers and saw a huge 89 per cent jump YoY in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $4.2 million
- The acquisition of governance, risk and compliance SaaS company TriLine GRC was a highlight for the half
- Shares in Ansarada were trading down 6.25 per cent at $2.10
Global information governance software provider Ansarada (AND) has reported record results for 1H FY22 including 52 per cent revenue growth and 21 per cent customer growth.
Ansarada reached a record 3,670 customers and subscriber numbers were up 35 per cent year on year to a record 2,805 people.
The company also achieved significant growth in the e-commerce channel, ending with 440 active customers up 319 per cent year on year.
Total revenue for the half was a record $23.4 million.
The average monthly revenue generated from customers on subscription-based contracts (APRA) increased YoY to $1,280, up 29 per cent.
Cash flow was positive, increasing from $1.2 million to $6.7 million YoY.
The company has no debt, a cash balance of $21 million, and a gross margin of 95 per cent for the half, up 3 per cent on the previous year.
Ansarada also saw a huge 89 per cent jump YoY in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to $4.2 million.
CEO Sam Riley said the acquisition of governance, risk and compliance SaaS company TriLine GRC was a highlight for the half, as it enhanced the company’s product suite in environmental, social and corporate governance and expanded market opportunities.
He added that although Ansarada is growing quickly, it’s only just getting started.
“We are very early in our growth phase in a $52 billion addressable market with positive growth trends,” said Mr Riley.
“Our focus is on executing our strategy to expand upon our trusted brand, customer relationships and market-leading product suite to drive complementary and sustained revenue streams across multiple markets.”
Shares in the company were trading down 6.25 per cent for $2.10 at the close.
