NITO SOFT ersonal use only
TRADING UPDATE
2 6 J U L Y 2 0 2 2
ersonal use only
1H22 HIGHLIGHTS
ARR Growth1
Strong Revenue Performance2
Record Cash Receipts from Customers3
Strong Financial Position
- Represents Annual Recurring Revenue growth at the end of 1H 2022, compared to end of 1H 2021.
- Unaudited 1H 2022 revenue, compared to 1H 2021 revenue.
- Represents cash receipts in the Q2 2022 period compared to cash receipts in Q2 2021.
- Excluding AASB 16 right-of-use leased assets and corporate credit cards.
Up 52% | Up 32% |
I N C L U D I N G C O N N E C T I V E | E X C L U D I N G C O N N E C T I V E |
Up 36% | Up 22% |
I N C L U D I N G C O N N E C T I V E | E X C L U D I N G C O N N E C T I V E |
US$16.2 million | Up 43% |
C A S H R E C E I P T S | C A S H R E C E I P T S |
US$35.2 million | US$0 |
C A S H | D E B T 4 |
2
ARR GROWTH
only | Continued ARR growth throughout 1H 2022 following effective | |||||||||||||||||
completion of subscription transition in FY2021 | ||||||||||||||||||
BASE ARR vs ADDED ARR (US$M) | ADDED ARR (US$M)1 | |||||||||||||||||
55M | 51.5 | 6M | 5.3 | 5.3 | ||||||||||||||
use | 50M | 46.2 | 5M | |||||||||||||||
5.3 | ||||||||||||||||||
45M | ||||||||||||||||||
4M | ||||||||||||||||||
40M | ||||||||||||||||||
3M | ||||||||||||||||||
35M | ||||||||||||||||||
ersonal | 46.2 | 46.2 | 2M | |||||||||||||||
30M | ||||||||||||||||||
25M | 1M | |||||||||||||||||
20M | 0M | |||||||||||||||||
Dec-21 | Jun-22 | 1H 2021 | 1H 2022 | |||||||||||||||
Base ARR | Added ARR | New + Expansion | Flip | Connective | ||||||||||||||
1 Connective added ARR of US$0.6m is included in 1H 2022 Added ARR
2 Represents Subscription Revenue as a percentage of Total Revenue in 1H 2022
BY THE NUMBERS
94%
G R O S S R E T E N T I O N R A T E
113%
N E T R E T E N T I O N R A T E
US$51.5 million
E N D I N G A R R
72%
S U B S C R I P T I O N R E V E N U E 2
3
TOTAL REVENUE
ersonaluse only | Strong revenue performance for the period, with both |
subscription and perpetual exceeding Company expectations | |
TOTAL REVENUE (US$M)
31%1 | |||||||||
CAGR | |||||||||
35M | 32.7 | ||||||||
30M | 3.3 | ||||||||
25M | 24.1 | ||||||||
19.1 | |||||||||
20M | |||||||||
15M | 29.4 | ||||||||
10M | |||||||||
5M | |||||||||
0M | |||||||||
1H 2020 | 1H 2021 | 1H 2022 | |||||||
Revenue | Connective | ||||||||
Revenue performance during financial reporting period
1. 22% excluding Connective
4
ersonal use only
Nitro serves 13,000+ Business Customers1,
including some of the world's largest companies
Q 2 2 0 2 2 N E W C U S T O M E R W I N S , E X P A N S I O N S & R E N E W A L S
1 A Business Customer has 10 or more licensed Nitro users or a premium Nitro Sign offering.
5
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Nitro Software Ltd. published this content on 25 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 July 2022 22:58:03 UTC.