r personal use only
1H22 RESULTS
Approved for release by the Board February 2022
Key highlights
r personal use only
Subscription Fee Revenue Up 5.4%: Subscription Fee Revenue increased despite Covid 19 lockdowns and impact of businesses delaying decision making affecting the growth in implementation revenue.
Loss narrows: Operating loss narrowed on PCP by 18%
Continuing to increase footprint in Europe: New educational clients are being onboarded in the UK while our first client in Greater Europe continues the geographical expansion
Further territories: UAE penetration continues and will provide new Licence Revenue lateral
Subsequent capital raising: Recent capital raising provides comfort on the rollout strategy
2
onlyuse Robust business
personalmodel
Growing annuity-style subscription revenue underpins significant operating leverage potential, coupled with diversified revenue streams
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Results
only | |
Revenue | |
Management | |
R & D/Grants | |
Costs | |
use | |
D & A | |
Employees | |
Net Loss | |
Annualised Revenue | |
personalr | Customers |
Board
1H22 | 1H21 | % DIFF | |
$m | $m | ||
0.41 | 0.4 | Flat | No implementation fees due to Covid and heavy skew to Education |
0.44 | 0.28 | 52% | Higher due to greater investment in R&D |
1.6 | 1.7 | 6% | Costs being managed through growth phase |
-0.08 | -0.04 | 70% | |
-0.8 | -1.0 | 20% | Loss narrows due to higher investment in R&D |
3.1 | 1.5 | 107% | Higher AR due to the expansion in to Education in the UK |
4
onlyuse Global Expansion
personalIODM announced on 30 June 2021 the expansion through the UK Education Industry
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IODM Limited published this content on 23 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2022 23:41:08 UTC.