Aspermont Limited Announces Continued Subscription Growth and New Revenue Prospects

Aspermont Limited ( (AU:ASP) ) has provided an announcement.

Aspermont Limited has reported its 34th consecutive quarter of growth in subscriptions, with an annual recurring revenue of $11.4 million, marking a 6% increase year on year. The company’s average revenue per unit is up by 20%, and the net retention rate is around 100%. Subscriptions revenue has seen a 3% increase year on year, while subscription revenue composition has improved by 8%. The company is exploring new revenue opportunities in advertising, live events, and data exploration, despite reporting a negative EBITDA of $400k and net cash of $1.0 million.

More about Aspermont Limited

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$12.35M

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