News and Announcements
Bulletproof FY16 Results: Revenue up 67%, Closing Balance of $4.6m
- Published July 14, 2016 4:58PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
14th July 2016, ASX Announcement
FY16 Results Guidance
- Full year revenues expected to be in line with market expectations $47m, up 67% on FY15
- Underlying EBITDA expected to be $4.6m – $4.7, up from $4.2 in FY15
- Underlying EBIT expected to be $600k – $700k, down from $850k in FY15
- Positive operating cashflow, with closing cash balance of $4.6m
Bulletproof wishes to advise the market of its expected FY16 full year results and trading conditions with this interim update.
FY16 Results
The ongoing investment in accelerated growth from organic and acquired revenue sources is expected to deliver a revenue figure in line with market expectations, at $47m, a 67% increase on FY15, and well above market revenue growth rates of 25-30%. Of this revenue, recurring sources are expected to make up close to 80% of the total figure. Cash flow is positive for the year, with a closing cash balance of $4.6m.
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