Reporting Season Round Up: How did last year’s ASX IPOs perform in their debut reporting season?
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With most ASX large caps out having already reported, most of today’s companies releasing reports were small or medium cap companies in their debut reporting season, having been listed less than 12 months ago.
Undoubtedly the most anticipated was Nuix (ASX:NXL) but there were others of note including Macquarie’s other IPO and one of the hottest telco IPOs of the last year.
Plenty of investors were on the lookout for NXL’s annual results after a turbulent year for the company.
NXL reported revenue slightly higher than FY20, but went from a $23.6 million profit to a $1.6 million loss.
Nuix said it contracted over 100 new customers during the year and said better times were ahead.
“We are optimistic and remain confident in Nuix’s future,” said outgoing CEO Rod Vawdrey.
“Our employee base continues to grow and our technology is best in class and critical for our customers and partners. Further investment in our technology will enhance and consolidate Nuix’s market position.”
While Adore Beauty is also below its IPO price, the online fashion retailer said FY21 was a good year.
Its revenue of $179.3 million was up 48% and its earnings of $7.6 million were up 5.3%.
Even with COVID-19 restrictions, the company said FY22 had begun on a strong note with revenue gaining 26% from the prior corresponding period.
The company’s revenue jumped 87% from $170 million to $318.2 million and its normalised net profit after tax jumped from $10.2 million to $17.3 million.
GenusPlus predicted FY22 would be another bumper year for them, tipping revenue of approximately $400 million, and hinting it was considering a rebrand and acquisitions.
This ed-tech company was, like Nuix, spearheaded by the capital markets team at Macquarie.
The company’s exceeded its prospectus forecasts with revenue of US$98.1 million, 8% ahead of expectation. It achieved a positive earning result of US$6.7 million, having previously tipped a loss of $1.4 million.
Aussie Broadband has been one of the most successful IPOs in the past 12 months having listed at $1 per share, and is now at nearly $4.
The company’s revenue was 84% higher on FY20, at $350.3 million, and its earnings were 433% higher at $19.1 million.
Subscriber number growth was impressive too with a 53% surge in total broadband service to 400,848 and 102% growth in mobile services at 25,606.
“The pandemic has highlighted the importance of reliable internet in our daily lives. Despite the challenges, our team has continued to deliver great network performance of great customer service to our customers, which are critical factors underpinning our growth,” said managing director Phillip Britt.
The online book retailer also delivered solid results in its debut reporting season as an ASX listed company.
Booktopia shipped 8.2 million units and its revenue rose 35% to $223.9 million, while its earnings grew 125% to $13.6 million.
The company also reported FY22 had begun strong despite lockdowns in Sydney and Melbourne.
One of the sectors that grew the most in the last year thanks to IPOs was lending driven by record low interest rates.
Just like its peers, Liberty announced solid growth with a 39% jump in its profit to $185.4 million. Its gross financial assets rose by 5%, from $11.7 billion to $12.3 billion.