RE: Performance28 Feb 2023 07:35
Financial Highlights
· Annual Recurring Revenue2 ("ARR") up over 60% to $8.42 million1 (FY21: $5.22 million)
· 53% increase in new business and upsells to $3.87 million1 (FY21: $2.53 million)
· Stable upward revenue trajectory; 55% increase in revenue to c.$ 6.39 million (FY21: $4.13 million)
· Increase in net dollar retention of 104.6% (FY21: 96.4%)
· Cash of $2.6 million1 at period end
Operational Highlights
· Increased client numbers to 183, up 41% from FY21
· Hired 17 new employees reaching 70 employees (FTE total: 65.74) at the end of 2022
· Named business consultancy group Frost & Sullivan's third best Digital Risk Protection ('DRP') service provider in 2022 review
· Launched NFT ShieldTM in October 2022, a bespoke AI solution aimed at the NFT economy
· BrandShield in robust position to deliver long-term growth