It’s quarterlies season again as the ASX market announcements page becomes increasingly flooded with the first wave of lodgements.

Here’s a list of stocks that gave their quarterly updates today.

Treasury Wine Estates (ASX:TWE)

Treasury says its Q1 trading conditions and group earnings were in line with expectations ahead of its AGM.

The company also confirmed it was on track to deliver earnings margin expansion towards the 25%, which was its target in FY23.

Treasury says its inflation and cost outlook is unchanged, with “mix adjusted cost of goods sold per case expected to remain in line with financial year 2022 and improvement expected from financial year 2024 onwards”.

Priorities for FY23 include attracting new customers to its Penfolds brand, and expanding other premium brands in the US.

Dropsuite (ASX:DSE)

The cloud software company reported an Annual Recurring Revenue (ARR) of $23.3m, +11% on the prior quarter and +63% on the pcp.

Its users increased to 886k, up 10% quarter on quarter and 54% on pcp.

Product gross margin was 66%, up 2% on prior quarter driven by storage cost initiatives.

During the quarter, Dropsuite strengthened its management with the appointment of a chief financial officer and head of Channel Sales for ANZ.

The company ended the quarter with $22.3m in cash and remains well funded to progress on acquisitions and other initiatives.

Envirosuite (ASX:EVS)

The environmental intelligence technology reported Q1 sales of $3.4m, comprised of $2.1m in new ARR, which was up 23.5% on pcp.

Total ARR was $55.2m, up 13.6% on pcp.

The company added its platform to 18 new sites, of which eight are from existing customers, demonstrating continued success with the “Land, Expand and Scale” strategy.

During the quarter, a strategic alliance with global leader SGS was signed, providing clear validation of its Omnis platform’s technological advantage.

SGS’s significant global footprint is expected to accelerate access to additional geographic markets including Africa and the Middle East.

Harmoney Corp (ASX:HMY)

The fintech lender reported record loan originations in September, up 42% in Q1 FY22 vs pcp.

Its loan book rose 9% from the last quarter to $635 million, and the company has reaffirmed its FY23 outlook, including growth in statutory Cash NPAT profitability.

The lender’s 90+ days arrears was at 0.40%, down from 0.47% compared to market average of 1.4%.

It is well funded with $220m in undrawn “Big 4” bank warehouse funding capacity at quarter end, and an additional $65m AU warehouse funding capacity added post quarter end.

Smartpay (ASX:SMP)

The payments tech company’s consolidated total revenue was $19.146m, up 91% on pcp.

The number of transactions processed has increased by 161% on pcp to 33.5 million.

Ongoing investment in the Australian business has resulted in further acceleration in customer acquisition in the second quarter of FY23, with over 1,600 new transacting terminals added through to the end of September.

Overall, Australian Total Transaction Value (TTV) increased 145% year on year, reflecting the company’s accelerating fleet growth and an underlying improvement in transaction value per terminal.

ikeGPS (ASX:IKE)

The GPS specialist said it generated positive cash flow of ~$2.2m in the Q2 FY23 period, and was ~$1.1m positive in the 1H FY23 period.

Revenue for the first half was ~$15.4m, up +170% vs pcp.

Gross margin in 1H FY23 was ~$8.2m, up 128% vs pcp, representing a 1H FY23 gross margin percentage of ~53%.

IKE says its revenue and growth outlook remains robust for the rest of FY23 based on a strong sales opportunity funnel and a significant signed contract backlog.

The company anticipates a healthy run rate of new contracts to be recognided in the FY23 period.

In addition, it expects $8-11m of signed contract backlog to be delivered and recognised as revenue over the next two quarters of FY23.

Apollo Tourism & Leisure (ASX:ATL)

Apollo has provided a FY23 guidance to the market. Based on Q1 FY23 performance, Apollo anticipates a record level underlying NPAT for the full year of above $20m. This does not include the impact of an estimated $3.1m in merger related transaction costs.

The recreational vehicle company says its rental revenue exceeded its targets in Q1 in every region due to strong yields.

The improved outlook for the rest of the financial year reflects strong forward rental bookings for the upcoming summer season in the ANZ.

HUB24 (ASX:HUB)

The financial services company saw strong platform net inflows of $3 billion for the quarter, but was down down 1.6% on pcp.

Total Funds Under Administration (FUA) were $68.4 billion as at 30 September, comprising Platform FUA of $52.4 billion (up 15.4% on pcp) and Portfolio, Administration and Reporting Services (PARS) FUA of $16 billion (down 9.9% on pcp).

During the quarter HUB24 was awarded Best SMSF Investment Platform by Adviser Choice.

 

Share prices today:

 

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