Activeops Share Discussion Threads

[hastings] 12/7/2023 09:45

Nice to see the continued upward momentum.

[tomps2] 06/7/2023 10:15

ActiveOps (AOM) Full Year 23 results presentation - July 23

ActiveOps CEO, Richard Jeffrey and CFO, Ken smith present full year results for the year ended 31 March 2023.

Watch the video here:

Or listen to the podcast here:

[brummy_git] 05/7/2023 15:35

Booster rockets fired. We have lift off...

[davidbennett] 05/7/2023 15:23

Might be director share purchases, certainly would be nice if it was. Richard Jeffery’s wife paid 95p some time ago so you never know.

95 bid now.

[masurenguy] 05/7/2023 15:16

An 8% jump in the shareprice over the past hour with 10 buys totalling just under 100,000 shares!

[masurenguy] 04/7/2023 07:26

Encouraging performance - sales up 13%, trading loss virtually eliminated and net cash up 12%!

Results for the year ended 31 March 2023



-- ARR growth of 13% (11% constant currency) above prior year
-- Total Revenue growth of 11% driven by increased recurring SaaS revenues
-- Gross Margins healthy at 82%, (2022: 81%) supported by improved T&I margins
-- Adjusted EBITDA moves to profitability at £0.7m (2022 Loss: £0.3m), ahead of management expectations, reflecting operational leverage in the business and forex gain of £0.7m(FY22: £0.3m)
-- Strong EBITDA cash conversion of 505% (2022: 673%) arising from annual-in-advance billing
-- Balance sheet remains strong with £15.4m cash (2022: £13.8m) being approximately 26% of the Company's current market capitalisation and no debt

Operational Highlights

-- Significant expansion of existing customer relationships resulting in Net Revenue Retention (NRR) of 110% (2022: 102%)
-- 20% increase in ARR from the ten largest customers. 60% of customers globally increased ARR, including 28% who increased ARR by 20% or more
-- Added new customers in each of our three regional business units
-- Double digit SaaS revenue growth in each of our regional business units
-- New CaseworkiQ product, launched in June 2022, in use by 7 of the 10 largest existing customers, proving its ability to create new opportunities with existing customers
-- First enterprise customer using all three ActiveOps software products (ControliQ, WorkiQ and CaseworkiQ), demonstrating considerable up-sell opportunities within the existing customer base
-- Currently developing a series of major software enhancements for release in the current financial year utilising Artificial Intelligence (AI) and Machine Learning (ML) to provide customers with new opportunities to optimise operational performance

Outlook

-- Trading in the first few months of the year in line with Board expectations, driven by customer expansions and addition of two new customers with significant expansion potential.
-- Continued healthy sales pipeline and positive outlook.

Richard Jeffery, Chief Executive Officer of ActiveOps plc, commented: "This has been a year of significant progress for ActiveOps, in which we have won new customers across all regions, grown our existing customer accounts, and launched new products which materially expand our addressable market. Importantly, we achieved this alongside accelerating our shift to positive adjusted EBITDA, well ahead of the timeline initially set at the time of our IPO. Trading in the first few months of the year has been steady, driven by expansions at existing accounts and the addition of two new customers with significant expansion potential. The sales pipeline remains healthy and the progression of sales opportunities is increasingly well supported by our marketing efforts and the significant interest in the new software capabilities we are releasing this year. In the longer-term, the enhancements we are making in our offering in the areas of Artificial Intelligence (AI) and Machine Learning (ML) are increasing the value of our solutions to our customers. With an extensive customer base, international footprint, and growing offering, we are excited by the long-term potential for ActiveOps."

[hastings] 17/5/2023 12:42

Nice to see the movement northwards again on a flurry of small buys.

[yump] 05/5/2023 16:25

If its going to grow into a significant SAAS provider with a high % of repeat revenue, now's the time to invest. It floated before the SME market got hit and anything not yet making a profit got hit worse than most. However its got the funds to see it to profitability, unlike quite a few smaller floats.

[my retirement fund] 25/4/2023 13:37

So the broker pits a valuation target on them, which is less than what they floated for 2 years ago. Either the company floated at a serious over valuation and mugged the stock market off, or they have performed well below what the admission documents claimed!

[hastings] 25/4/2023 11:53

Added some thoughts/numbers after the update this morning.https://martinflitton1.wixsite.com/privatepunter/post/activeops-progressing-well-25-04-23

[hastings] 25/4/2023 09:08

Broker target price of £1.50p with an interesting comment.

"We initiated coverage on ActiveOps in May 2021 expecting c£24m revenues,
a £1.5m EBITDA loss and c.£5m of net cash for the 2023 financial year. The
business has ended up beating these estimates, considerably so in terms of
profit and cash. By contrast, the shares are down >50% from the IPO price, due
to growth stock rating compression and smallcap market liquidity issues. This
creates a major valuation dislocation and an outstanding long-term opportunity
here, in our view; we retain Buy and our TP."

[hastings] 25/4/2023 08:05

Indeed, very positive and appears to be playing out much as management suggested when I last spoke with them.

[18bt] 25/4/2023 07:23

Very happy with that

[davidbennett] 25/4/2023 07:08

What a fantastic trading update

[my retirement fund] 11/4/2023 10:26

Cant work out if this is a bargain or not.

[yump] 06/4/2023 11:49

Part of getting the over 50's back to work ? Although I can't imagine there's an accountant shortage, despite it not being as exciting as Lion-Taming.

[rambutan2] 06/4/2023 04:32

davidbennett, 65yrs old and no storied career just surprised me as the choice of CFO for a very interesting listed software growth story with years to run.

[davidbennett] 05/4/2023 15:49

rambutan - why do you think the new CFO appointment is odd?

[rambutan2] 05/4/2023 14:42

Agree that's most likely, and are expecting a good update.

Do think the new CFO appointment slightly odd though.

[masurenguy] 05/4/2023 14:31

Shareprice has dropped by almost 20% over the past month on just paltry average daily trading volumes of just 27,000 and no news. Impact of general market malaise during this period rather than any issues related to the company.

[rambutan2] 05/4/2023 14:15

Y/e was 31/03 so would hope for a trading update before too long.

[rambutan2] 05/4/2023 14:13

Newly appointed CFO is certainly no spring chicken: