2012 Financial Highlights

  • Good progress made in transitioning from traditional software to cloud-based software business
  • StatPro Revolution annualised recurring revenue more than trebled to £1.51 million at 31 December 2012 (2011: £0.45 million**)
  • StatPro Revolution customer number increased to 156 at year end (2011: 50)
  • StatPro Revolution now has 21 fund administrator partners (2011: 10), a key target market for the service, including 6 of the major operators (2011: 1)
  • Successful Placing completed in November 2012 raising £5.81 million (net of expenses)
2012 2011 Change
Revenue £32.00 million £31.72 million 1%
Profit before tax £3.78 million £3.86 million -2%
Adjusted EBITDA** £6.73 million £6.12 million 10%
Annualised recurring contract revenue
(constant currency)***
£29.52 million £28.45 million 4%
Contract renewal rates 93% 92%
Cash flow from operating activities
(before exceptional items)
£10.18 million £10.37 million -2%
Net cash/(net debt £3.67 million (£3.40) million
Earnings per share – basic 4.3p 4.8p -10%
Earnings per share – adjusted** 5.9p 5.7p 4%
Dividend per share – total for year 2.7p 2.6p 4%
2012-highlights-financial-performance

* Total shareholder return (see page 41 – 2012 annual report).
** Adjusted EBITDA and adjusted earnings per share are EBITDA and earnings per share after adjustment for amortisation of acquired intangible assets,
share based payments and exceptional items (notes 3 and 10).
*** Annualised recurring contract revenue is the annual value of revenue contractually committed at year end. Comparative is at constant currency.