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.