Getbusy Share Discussion Threads

[masurenguy] 11/3/2021 01:15

Getbusy say 'scaling existing regions in spaces we're winning is a good growth opportunity for us'

[mr doughnut1] 10/3/2021 20:09

Nice to see Paul Hayworth (CFO) adding 5000 shares this am.Shows confidence.

[the ghost who walks] 03/3/2021 16:26

Getbusy app is important for major upside or not

[hastings] 03/3/2021 15:30

Caught up with management, so may be of interest. Https://martinflitton1.wixsite.com/privatepunter/post/keeping-busy-03-03-21

[energeticbacker] 03/3/2021 14:45

Investor's Champion comments: all quite encouraging, although if anything we would have expected growth to have been even stronger given the remote working environment. However, it’s tough to be too critical in such a tricky year.

[the ghost who walks] 03/3/2021 08:35

No one following these, lots to go for I think

[masurenguy] 03/3/2021 07:18

Good progress - closer to achieving operational profit - positive cash flow - recurring revenues of 92%.

Full Year Results

Financial highlights

-- Group recurring revenue up 14% in reported currency and 15% at constant currency
-- Recurring revenue comprises 92% of total revenues, up from 90% in 2019
-- SmartVault recurring revenue up 30% at constant currency driven by strong annual revenue per user ("ARPU") and user growth, and Virtual Cabinet up 6% driven by ARPU
-- Gross margin remained strong at 92.8% (2019: 92.5%)
-- Statutory profit after tax of £398k (2019: loss of £1.2m) aided by research and development tax refunds of £1.5m
-- Net cash well ahead of market expectations, up £0.5m to £2.3m with better than expected R&D tax receipts
-- Undrawn 3-year £2.0m loan facility signed with Silicon Valley Bank to support growth investment

Operational highlights

-- Group ARPU up 10% at constant currency to GBP203
-- 2% paying user growth to 67,343 following prioritisation of higher value users in SmartVault and churning some lower ARPU customers in Virtual Cabinet
-- SmartVault growth investment programme started in H2 2020 leading to a very strong final quarter in 2020
-- 182 paying users for GetBusy at 31 December (2019: nil)
-- GetBusy integration partnership with NetSuite, the leading cloud business software provider, launched in January 2021

Daniel Rabie, CEO of GetBusy, commented:"Our mission to make people productive and happy has resonated more in 2020 than ever before. "As clients and prospects around the world made the transition to remote working, our deep-rooted expertise and our class-leading software enabled them to do so efficiently and securely. The rapid changes to people's working lives accelerate trends towards fully digitised, paperless work practices that our document management and task management products enable. The surge in remote working, and the likely transition to a hybrid office-home working mix, requires a new software toolset for many organisations and each of our products is a component of that toolset.

Despite the challenges of the pandemic and its economic consequences, we have delivered 15% growth in our high-quality recurring subscription revenues at constant currency. Our workforce grew by 24% in 2020 and we closed the year with 31% more cash, while embarking upon an ambitious programme of investment to support sustained growth in our document management business well into the future. In 2021, we expect to continue to capitalise on the trends that have been favourable to us during 2020. We are very clearly in the scaling phase of our document management business comprising SmartVault and Virtual Cabinet, and we are able to see a path to a substantial business with high quality, predictable and valuable earnings in the medium to long term.

Whilst yet to be proven, we believe that our GetBusy product has the potential to open significantly greater addressable markets for our business. The problems it solves are universal, not sector-specific, and solutions to those problems have become even more valuable as businesses adopt hybrid working models on a permanent basis.

Our Group contains a combination of a proven, highly cash-generative market-leader, a rapidly and predictably scaling pure SaaS business in a large and valuable market, and a new product that solves increasingly relevant problems and that has the potential to open a significantly greater market. This unique combination gives us confidence looking to the future."

[the ghost who walks] 03/3/2021 07:17

Net suite tie up interesting for getbusy

[the ghost who walks] 03/3/2021 07:15

Great results and update. Building a big business here

[the ghost who walks] 01/3/2021 20:12

Or shut it down if not getting traction. They made o mention of it in the trading update which surprised me

[mr doughnut1] 01/3/2021 20:05

We know that the app is starting from very low levels.25th July, Half year report. 'Over 100 paying users for GetBusy at 30th June albeit revenue in the period was immaterial.TU 28th Sept 2020, 'the customer base for GetBusy continues to grow, albeit still at modest levels.'It would be good to get some numbers on wednesday.

[the ghost who walks] 28/2/2021 19:35

No worries. Am interested on what they say on the getbusy app

[hastings] 25/2/2021 20:54

Ghost, I didn't unfortunately, completely ran out of time as it clashed with a couple of other things and I missed the moment.

[ade45] 25/2/2021 20:41

This is getting serious now, 40p distant memory

[the ghost who walks] 25/2/2021 18:58

That would be great did u manage in the end to post from last meet

[hastings] 25/2/2021 16:28

Hi Mas, I'm catching up with them on the day, so I'll add some comment. All in all going very well!

[masurenguy] 25/2/2021 15:36

Todays 10% rise has been on a volume of less than 40,000 shares as at 15.30.

[wanttowin] 25/2/2021 11:40

Looking good here, new high coming ?

[masurenguy] 24/2/2021 16:05

Year end results for fiscal 2020 are due next Wednesday (3 March).

[mr doughnut1] 24/2/2021 11:33

Nice to see £1.00 being paid this am.

[masurenguy] 21/1/2021 08:26

Shareprice hit £1 for the first time this morning! 😊

[the ghost who walks] 20/1/2021 07:49

Looks good. No mention of the getbusy product which is interesting.

[masurenguy] 20/1/2021 07:44

Year End Trading Update

The Group's performance has continued to be strong since the last trading update in September. Group revenue is expected to be slightly ahead of market expectations, despite the currency headwinds of the second half of the year. The investments in SmartVault announced in July are proceeding well. Group recurring revenue growth is expected to be 15% at constant currency driven by strong annual revenue per user and growth in total user numbers; SmartVault was up 30% and Virtual Cabinet was up 6%. New customer wins for both document management businesses in the final quarter were very strong and churn levels in H2 were lower than in H1, offsetting the early stage impacts of the pandemic.

Net cash at the year-end of £2.3m, up 31% since 31 December 2019, was noticeably ahead of market expectations owing to the earlier than expected receipt of research and development tax credits in the UK. This, together with the recently signed £2m revolving credit facility, which is completely undrawn, provides a robust foundation to support the Group's investments in future growth.

The Group expects to announce its final results for y/e 31 December 2020 on 3 March 2021.

[mr doughnut1] 20/1/2021 07:21

Nice surprise on a bleak January morning