Quarterlies Top 5: Who said COVID-19 induced booms in seafood, tech and furniture were over?
Link copied to
Leading the ASX companies rising thanks to financial updates were a number of beneficiaries of the COVID-19 tech boom.
As the week when quarterlies are due progresses and the market announcements page becomes increasingly flooded with lodgements, Stockhead will sort through the best performers so you don’t have to.
The deadline for companies to submit reports is the last business day of the first month after the prior quarter which is this Friday – if they don’t, they risk suspension and consequential panic and anger from shareholders.
It was another positive quarter for the nano-cap product authentication software company.
DataDot hung its hat on finishing the quarter with $1.9 million, nearly double what it begun the financial year with.
The company credited this to a strong trading performance and noting it had not experienced any on-going or material negative impacts from COVID-19 even with many of its major customers based in the Northern Hemisphere.
You might not think of oysters as a beneficiary of COVID-19 but seafood providers have been able to remain open as an essential service.
The seafood company sold 3.2 million oysters during the quarter, which was up 50% on the prior corresponding period and 4.7 million in the year to date.
It also achieved positive operating cash flow, with cash receipts of $2.8 million, up 67% as well as earnings of $1.3 million in the last 6 months – up 178%.
The company credited strong demand from the restaurant channel as well as an increase in biomass and says it is in a strong position as warmer months loom.
“With 30 million oysters on hand, we are well positioned to continue on our growth trajectory,” said CEO Zac Halman.
Alcidion offers digital services to hospitals and other healthcare providers with a particular focus on the UK’s NHS.
The medtech company recorded a positive net operating cash flow of $1.6 million for quarter 4 and Total Contract Value of $7.3 million.
It also gave a teaser for its full year results, telling shareholders it anticipates revenue between $25.6 million and $25.9 million (a near 40% gain on FY20).
The company’s highlights during the quarter included the acquisition of UK patient flow software provider ExtraMed back in April and being selected as preferred provider to provide a healthcare record to the Australian Defence Force.
This proptech stock hasn’t missed a beat amidst the property boom in Australia as well as in the USA.
The company, which operates the RateMyAgent platform, now boasts 128,000 US real estate agents on its platforms as well as 137,800 reviews and a further 41,000 agents in Australia.
In the June quarter it recorded recurring revenues of $3.3 million, up 12% quarter on quarter and 73% year on year.
The company also improved its operating cash outflow by $3.2 million and has $10.7 million in cash on hand.
This homewares ecommerce retailer has been one of several to benefit from the uptake of ecommerce and people spending more time at home.
Many of them have retreated from all time highs in 2021 however as investors ponder how long the boom will last for.
While the jury is still out on if this is a long term trend, it is clear it was a substantial boom that at least lasted halfway into 2021.
Temple & Webster released its full year results which saw record revenues, profits and customers. It made revenue of $326.3 million (up 85% year on year), earnings of $20.5 million (up 141% year on year) and active customers.
The company also reported starting FY22 strongly, recording revenue growth of 39% in the first 3 and a half weeks of 2021.