Let’s have a look at some companies reporting today. There’s a lot!
Reporting Season 22/08/2024
Let’s start with the one that’s last on the list and partly cut-off at the bottom (one of the quirks of Iress!)
Veem ASX:VEE
Revenues: $80.6M vs $75.1M expected
EBITDA: $14.8M vs $13.8M expected
NPAT: $7M vs $6.5M expected
The result looks like a healthy Beat.
No numbers but sounds mildly positive. The market is expecting Revenue and EBITDA growth of 16.4% and 19.5% respectively.
Megaport ASX:MP1
Revenues: $195.3M vs $195.76M
EBITDA: $57.1M vs $57.5M
The result looks to be a tiny amount below
Revenue Outlook: $214-22M vs $233.2M expected
EBITDA Outlook: $57-65M vs $72.7M expected.
The shares are down 21% in the last 3 months. Clearly there were some in the market that had their doubts about whether this company could keep growing at the pace they had been (including me). Expectations will need to be revised downward considerably which is never a good thing.
Codan ASX:CDA
Revenues: $550.5M vs $540.08M expected
EBIT: $113.9M vs $111.46M expected
Result looks like a nice beat.
The market is forecasting 2025 revenue growth of 11% which looks about in-line with what the company is forecasting.
Objective Corp ASX:OCL
Revenues: $117.5M vs $117M
EBITDA: $44.3M vs $44.88M
NPAT: $31.3M vs $37.82M
Top-lines look in-line but bottom line seems a miss.
Market is predicting revenue growth of 11%. I’m not sure how that equates to ARR.
Hipages Group ASX:HPG
Revenues: $75.8M vs $74.9M expected
EBITDA: $16.4M vs $15.45M expected
NPAT: $3.6M vs $2.76M expected.
The result looks like a solid beat.
The market is expecting growth of 11.7% which doesn’t seem outrageous compared to these comments.
Dug Technology ASX:DUG
This one is just out at 10:55AM.
Revenues: $65.5M vs $65.7M expected
EBITDA: $16.6M vs $14.48M expected
No numbers but the company sounds very bullish. Their last few results have been impacted by the cost of having to rent computing power due to not having enough of their own. That problem has now been addressed and the potential growth in profitability can be seen when comparing the actual EBITDA with the underlying EBITDA which excludes those costs.
Disclaimer: This information is provided purely for educational purposes. It takes no account of an individual’s personal financial circumstances and hence can in no way constitute financial advice. The above data may be subject to errors or inconsistencies for which the author takes no liability. It is imperative that all investors do their own research or if they need advice, seek it from a qualified financial adviser.
Reporting Season 22/08/2024 – Today I have a look at ASX:VEE, ASX:MP1, ASX:CDA, ASX:OCL, ASX:HPG and ASX:DUG