D4T4 Solutions PLC – Final Results
D4t4 Solutions Plc (AIM: D4T4) publishes the group’s audited Annual report and financial statements for the year ended 31 March 2019 and Notice of AGM which are available to view and download at www.d4t4solutions.com. A summary is provided below:
Performance summary:
- Another strong year of profitable growth for the group culminating in the signing of a number of major contracts.
- Continued focus on evolving the business into the data and analytics market space with emphasis on growing the Celebrus software customer base and the group’s hybrid cloud data platform services.
- Notable sales success in both North America, following the continued investment in the region, and in Europe where we won our largest Celebrus contract to date.
- Continued evolution of the sales mix of sales:
- Further growth in term licence sales of the Celebrus product is continuing to benefit the visibility of future revenue and quality of earnings, impacting in the short term on perpetual licence revenues.
- Increase in demand for our hybrid cloud data platform services, particularly in the North American market.
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Key performance indicators |
Year ended |
Year ended |
Year on year |
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Revenue: |
|
|
|
|
Products Own IP Products 3rd Party Delivery Services Support & Maintenance |
£9.20m £7.35m £3.13m £5.56m |
£6.81m £3.92m £2.93m £4.78m |
+35.16% +87.68% +7.02% +16.35%
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|
Total revenue** |
£25.24m |
£18.43m |
+36.97% |
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Gross profit*** |
£14.31m |
£10.44m |
+37.04% |
|
GP margin |
56.69% |
56.66% |
+0.05% |
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Profit before tax*** |
£6.34m |
£3.33m |
+90.70% |
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Adjusted profit before tax* |
£6.02m |
£4.07m |
+47.84% |
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Basic earnings per share |
14.78p |
7.62p |
+93.96% |
|
Adjusted diluted earnings per share |
13.89p |
8.82p |
+57.48% |
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Unadjusted diluted earnings per share |
14.53p |
7.30p |
+99.04% |
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Dividend for the period |
3.00p |
2.50p |
+20.00% |
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Net cash |
£11.00m |
£3.85m |
+185.27% |
*before amortisation of intangibles, share-based payments charges and foreign exchange gains
** Includes an IFRS 15 adjustment of £1.67m
*** Includes an IFRS 15 adjustment of £1.08m
Peter Kear, D4t4’s CEO commented:
“I am delighted to report a 37% increase in organic top-line growth with total revenues for the group rising to £25.24m. Importantly, we have been able to maintain our gross profit margins through a combination of own IP product sales, hybrid cloud data platform services and our recurring revenue business. All of this has contributed to a 48% growth in underlying profitability yielding an adjusted pre-tax profit of £6.02m, enabling the board to lift the final dividend by 23%.”
“Our strategy continues to deliver and is reflected in the strong growth reported today. We continue to innovate our product, grow geographically and deepen our relationships with our strategic partners. The business enters the new financial year in robust shape after closing a number of significant contracts in the second half of the year benefitting 2018-19 and subsequent years. The Board is greatly encouraged by the opportunities and outlook for the business.”