November 22, 2019

Straker Translations [ASX:STG] releases half year FY20 results


Straker Translations has released its half year results to the market.

Highlights include:

  • Revenue of NZ$13.6 million, up 13.3%
  • Repeat revenue of NZ$12.4 million, up 28%, now accounts for 92% of revenue
  • Statutory Gross Margin of NZ$7.4 million, up 12%
  • Adjusted EBITDA loss of NZ$(0.2) million
  • Operating cash outflow of NZ$(1.0) million reflects ongoing investment in operations as the business scales
  • NZ$14.0 million cash at bank and no debt; strongly positions Straker to continue executing its growth strategy

To read the full press release, click here.

To view the H1 FY20 presentation, click here.