Ava Risk Group Limited (ASX: AVA) (“Ava” or “the Company”) announces its full year results for the financial year
ended 30 June 2024.
Highlights
- Sales order intake of $35.3 million, up 14% on PCPGroup revenue and other income of $30.2 million1 up 5.6% on PCP and 2H24 up 13% on 1H24
- Significant orders in major infrastructure projects in Australia and Latin America secured
- Major supply agreement with Telstra Group announced in February 2024
- Group gross margin of 60%, in line with expectations
- Underlying Group EBITDA of $(0.9) million following investments in technology and commercial capabilities
supporting a record sale order intake, with EBITDA positive in 2H FY24 - Sales order backlog of $8.5 million at 30 June 2024, representing orders received yet to be fulfilled
- Backlog includes $2.0 million of annual recurring revenue under contract driven by strong uptake of
subscriptions for Aura Ai-X - Cash balance of $5.1 million at 30 June 2024
Ava’s strong sales order intake represents continued progress across each operating segment, and in building the Company’s position as a global leader in sensing and risk management technology.
View Investor Presentation here.
View Appendix E and Annual Report here.
View Appendix 4G and Corporate Governance Statement here.