StatPro is a global provider of portfolio analytics for the investment community

Interim results for the 6 months ending 30 June 2016

Financial highlights:

  • Group revenue up 14% to £17.55 million (2015: £15.44 million)
  • StatPro Revolution underlying revenue up 64% to £4.02 million (2015: £2.45 million)
  • Group ARR up 26% to £36.17 million (2015: £28.62 million), 13% on a constant currency basis
  • ARR from cloud services (StatPro Revolution and Investor Analytics) up 112% to £13.72 million (2015: £6.47 million), 90% on a constant currency basis
  • Recurring revenue from cloud services now 38% of Group ARR (2015: 23%)
  • Adjusted EBITDA increased by 19% to £2.05 million (2015: £1.73 million)
  • Loss before tax £0.96 million (2015: profit £0.82 million) after exceptional items of £1.24 million (2015: nil) and acquired intangible assets amortisation of £0.55 million (2015: £0.03 million)
  • Interim dividend maintained at 0.85 pence per share

Operating highlights:

  • Two large contracts signed including new StatPro Revolution Performance module, demonstrating the endorsement of StatPro’s cloud strategy by large fund administrators
  • Launch of Revolution Performance on track for Q3 2016
  • Continued focus on revenue per client; average annualised revenue for StatPro Revolution clients increased 82% to £43,600 (2015: £23,900 (5))
  • Lifetime Value: Cost of Acquiring Customers (LTV:CAC) (2) rose to 10.8 from 10.1 – three or higher is considered acceptable for successful SaaS business
  • Increased bank facility with Wells Fargo to £24.8 million

Outlook:

  • Forward order book of contracted revenue (4) increased 19% to £44.13 million (2015: £37.01 million), 8% on a constant currency basis
    • £21.91 million is contracted revenue for StatPro Revolution, an increase of 86%, 69% on a constant currency basis

 

(1) Annualised Recurring Revenue is the annual value of revenue contractually committed at period end.  (2) The Cost of Acquiring Customers (“CAC”) is determined by the selling and other costs associated with contracting new clients and dividing by the number of clients signed in the period. The Lifetime Value of the customer contracts (“LTV”) is determined by estimating the average life based on churn rates multiplied by the average ARR per client.(3) Adjusted EBITDA and adjusted earnings per share are EBITDA and earnings per share after adjustment for amortisation of acquired intangible assets, exceptional items and share based payments (notes 2 and 5).(4) Forward order book of contracted revenue is the total amount of software and professional services revenue that is contractually committed at period end.  (5) At constant currency, based on restating the prior year at the closing or average currency rate.

2016 financial results

Revolution Performance Launch - Analyst Briefing
Published: September 29, 20161.5 MBRevolution Performance Launch - Analyst Briefing
2016 StatPro Interim Report
Published: August 9, 20161.5 MB2016 StatPro Interim Report
2016 StatPro Interim Results Presentation
Published: August 3, 20163.8 MB2016 StatPro Interim Results Presentation
StatPro Interim Results 2016
Published: August 3, 2016750.3 KBStatPro Interim Results 2016

2015 financial results

2015 Annual Report
Published: April 14, 20164.2 MB2015 Annual Report
2016 AGM Proxy Voting Form
Published: April 12, 201672.2 KB2016 AGM Proxy Voting Form
2016 AGM Notice to Shareholders
Published: April 12, 201662.6 KB2016 AGM Notice to Shareholders
2015 StatPro Prelim Presentation
Published: March 9, 20163.8 MB2015 StatPro Prelim Presentation
StatPro Prelim Results 2015
Published: March 9, 2016817.2 KBStatPro Prelim Results 2015
StatPro Interim Results 2015
Published: August 5, 2015646.4 KBStatPro Interim Results 2015

2014 financial results

AGM Statement 20th May 2015
Published: May 20, 2015139.2 KBAGM Statement 20th May 2015
2014 Annual Report
Published: April 16, 20152.8 MB2014 Annual Report
2015 AGM Notice To Shareholders
Published: April 16, 201562.4 KB2015 AGM Notice To Shareholders
2015 AGM Proxy Voting Form
Published: April 16, 201571.6 KB2015 AGM Proxy Voting Form
StatPro Prelim 2014
Published: March 10, 2015554.4 KBStatPro Prelim 2014
2014 StatPro Prelim Presentation
Published: March 10, 20151.9 MB2014 StatPro Prelim Presentation
StatPro Interim Report 2014
Published: August 13, 20141.3 MBStatPro Interim Report 2014
StatPro-Interim-Results 2014
Published: August 13, 2014340.2 KBStatPro-Interim-Results 2014
2014-interim-results-presentation
Published: August 13, 20142.1 MB2014-interim-results-presentation

2013 financial results

AGM Statement 14th May 2014
Published: May 14, 2014199.5 KBAGM Statement 14th May 2014
2014 AGM Proxy Voting Form
Published: April 16, 2014140.3 KB2014 AGM Proxy Voting Form
2014 AGM Notice to Shareholders
Published: April 16, 201462.9 KB2014 AGM Notice to Shareholders
Annual Report 2013
Published: April 9, 201411.4 MBAnnual Report 2013
StatPro Group Interim Report 2013
Published: August 12, 20132.6 MBStatPro Group Interim Report 2013
StatPro Interim Results 2013
Published: July 31, 2013529.7 KBStatPro Interim Results 2013
Interim Results Presentation 2013
Published: July 31, 20131.3 MBInterim Results Presentation 2013