2017 Financial Highlights

Financial highlights:

  • Group revenue increased by 31% to £49.34 million (2016: £37.55 million), 2% organic growth
  • Group Annualised Recurring Revenue (“ARR”) (2) increased by 35% to £53.04 million (2016: £39.27 million)
    • StatPro Revolution ARR increased organically by 13% Adjusted EBITDA (3) increased 36% to £6.95 million (2016: £5.10 million)
  • Adjusted profit before taxation increased 29% to £3.45 million (2016: £2.68 million), before acquisition, restructuring costs and other adjusting items of £6.80 million (2016: £12.80 million)
  • Adjusted earnings per share up 74% to 5.9p (2016: 3.4p)
  • Full year dividend maintained at 2.9 pence per share
  • Net cash inflow from operating activities increased 43% to £10.68 million (2016: £7.45 million)

Operating highlights:

  • Delta made positive adjusted EBITDA contribution
  • Notably high value of new contracts, – new ARR (excluding conversions) of £4.79 million (2016: £4.39 million)
  • Group to be structured into three divisions in 2019:
    • Revolution – Analytics division, comprising Revolution, Seven, Delta and Alpha
    • Source: StatPro – data division
    • Infovest – integration and data management division, comprising Infovest and StatPro Portfolio Management (“SPM”)

 (1) At constant currency based on restating the prior year at the closing or average currency rate.(2) Annualised Recurring Revenue is the annual value of revenue contractually committed at year end.  (3) Adjusted EBITDA and adjusted earnings per share are EBITDA and earnings per share after adjustment for amortisation of acquired intangible assets, goodwill impairment, acquisition and restructuring costs, fair value movement in non-controlling interest put option, movements in contingent consideration and share based payments (notes 5, 6 and 8).

     2017   2016 Change Constant currency (1)
Revenue   £49.34 m   £37.55 m +31% +26%  
Annualised Recurring Revenue (2)   £53.04 m   £39.27 m +35% +39%  
Adjusted EBITDA (3)   £6.95 m   £5.10 m +36% + 24%  
Loss before tax   £(3.36) m   £(10.12) m n/a n/a  
Adjusted earnings per share (3)   5.9p   3.4p 74%    
Loss per share – basic   (3.6)p   (15.5)p n/a    
Dividend per share – total for year   2.9p   2.9p