Quarterlies Top 5: Adslot leads this morning’s winners
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Media small cap Adslot (ASX:ADJ) was the top winner among ASX stocks that released their quarterly activity & cash flow reports this morning
ASX companies have to lodge quarterly reports by the last trading day of January, April, July and October.
Adslot is a media-tech company that automates the buying and selling of internet display ads.
This morning the company reported its third straight record quarter for the value of media traded on its platform – $10.1 million. This was 44 per cent higher than the December quarter of 2020 and 288 per cent higher than March quarter of 2020.
It also reminded shareholders of the numerous deals it signed during the quarter and it had identified more use cases of its product.
Shares rose by as much as 20 per cent in early trade.
The finance broking group says it normally finds the March quarter to be its softest due to the Christmas holidays but it experienced another solid performing quarter.
It made a $4 million profit after tax up from $1.6 million in the March quarter of 2020. As well as this it has made $14.1 million in FY21 to date when this time last year it had only made $4.8 million.
While there is one quarter to go in FY21, CEO Andrew Bennett declared the company was on track to deliver a record-breaking year with the June quarter typically the busiest.
This company, which specialises in cloud-based technology which facilitates global freight movements, reported another solid quarter.
It achieved revenue growth of 36 per cent, signed on dozens of new clients during the quarter and processed 782,917 “planned delivery” transactions during the March quarter.
It also boasted it expected the June quarter to be another record for it and that it was part of something big – a global industry tapping into around 12 per cent of global GDP.
“The digitised logistics environment for land transport and the digital network capability are part of a major transformational shift that all participants are demanding or looking to achieve,” declared managing director Ed Clarke.
MoneyMe is similar to COG – a lending stock, but it specialises in personal loans.
The company made loan originations of $108 million and revenues of $15 million – up 111 per cent and 22 per cent from the prior corresponding period.
Managing director Clayton Howes declared it was “another great quarter for the business”.
“Our business is accelerating with the credit quality of our customers increasing and it is fantastic to see the strong take-up of our recently launched products by our customers and merchants,” he said.
Howes is alluding to the average credit score of its customers (judged by Equifax) increasing from 638 to 644. COVID-19 hardship deferments are now only 0.1 per cent of gross receivables.
While not specifically a quarterly report, the $3.3 billion metals recycler was a stock that impressed investors with a financial update.
Sims is expecting underlying earnings for FY21 to be between $260 million and $310 million.
The company credits an improvement in gross margin per tonne, due to higher scrap prices as well as proprietary intake volumes.
It has also become the latest ASX company to voluntarily give back JobKeeper payments to the government of which it received $6.5 million in FY20 and $7.5 million in FY21.