Quarterlies Top 5: Frugl stands above the rest in morning trade
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Today’s the deadline for ASX companies to lodge their quarterly reports and Stockhead has recapped the best performers as at 11am (AEDT) – with today’s biggest winner being Frugl (ASX:FGL).
Frugl has a grocery-focused app which allows shoppers to find the lowest prices and it analyses relevant shopping behaviour.
The company announced it saw an 11 per cent growth in users since launching the latest version of its app.
While Frugl reported cash outflows of $431,000 it also reminded shareholders of a recent capital raising and a promotional partnership with student advocacy service Student Edge.
Its shares rose by as much as 30 per cent this morning.
For Playside, it was the first time releasing a quarterly having only listed 6 weeks ago.
It is not the only digital gaming company but claims to be the first to develop its games locally.
Playside reported a 66 per cent increase in revenues to $3.13 million and its Average Daily Active Users grew to 237,000 – up 249 per cent on the previous quarter.
Additionally, one of its signature titles, Animal Warfare, has achieved over 6 million downloads in less than 6 months.
The company has doubled since its IPO.
The home security platform doesn’t yet have positive cash flow but its CEO Dan Roberts nonetheless described the quarter as “intense”.
“The December quarter was one of intense execution, building towards market launches with multi-billion-dollar partners on two different continents,” he said.
The company reminded shareholders that during the quarter it signed a Master Service Agreement with telco Windstream and received the first purchase order of Scout hardware from white label partner Prosegur.
Shares rose by over 12 per cent this morning.
As a Siberian focused coal company, Tigers Realm’s focus was on coal production and port operations and it gave full year figures for 2020 as well as for the December quarter.
The company told shareholders it had mined 228 kilotonnes of coal adding up to 792kt for 2020 – 6 per cent above 2019.
It ended up loading 103kt onto ports for the quarter achieving 760kt for 2020 which the company says is “a historical maximum for Beringovsky Port” and sales were up 33 per cent above 2019.
Tigers Realm also made comments on current conditions in global coal markets. It claimed the Asian coking coal market had recovered and while the rest of the world was weaker it was on track to recovery.
Thermal coal was recovering too, particularly driven by demand in China due to winter weather conditions.
Shares rose by 11 per cent today.
This Adelaide-based health care stock has an AI platform which automates clinical microbiology so conditions can be diagnosed faster.
While it noted there were some difficulties in accessing laboratories & holding face to face meetings due to the surges of COVID-19 in America and Europe, it made some achievements.
These included completing the sale and installation its APAS Independence product to Germany’s Limbach group as well as evaluations with SA Pathology and the Health Services Laboratory in the UK.
It finished the quarter with a cash balance of $12 million.
LBT shares climbed by 10 per cent.