• Atomos reports $40.9m in sales for 1H FY22, on track for $95m+ for the year
  • Cybersecurity stock FirstWave Cloud Technologies nabs experienced new CEO

 

Atomos Limited (ASX:AMS)

The global video tech company jumped 14.54% in early morning trade today, after reporting $40.9 million in unaudited sales for the first half of FY22.

That’s an increase on the guidance of $40 million and a growth rate of 25% compared to the previous corresponding period of $32.8 million.

Despite continued global supply chain challenges, the company says it has navigated through 1H22 with minimal disruption to its core products, Ninja V and Ninja V+ – and expects stock outages to have less impact in the second half.

Atmos is confident that it will keep up sales momentum from the launch of new products scheduled over the next 6 months.

FY22 guidance $95 million+

CEO Estelle McGechie said the company has reconfirmed its FY22 guidance.

“I’m very pleased with the 25% growth in 1H’22 sales over the prior year period given the significant disruption to supply chains for many companies across the world,” she said.

“We see our sales only further accelerating in the second half of FY22 and are able to reconfirm our full year sales guidance of $95m+.

“Furthermore, our cost measures and governance are robust enabling a reconfirmation of our full year EBITDA margin in excess of 12% for the underlying Atomos business.

“This does not include approximately $1m of opex costs which we expect to incur from our recent investment in Videogram.”

In November the company invested in the development of Videogram – a cloud-based video sharing platform, and plans to leverage Cinemacraft’s technology to accelerate its own cloud platform.

 

 

FirstWave Cloud Technology (ASX:FCT)

Cybersecurity player FCT  announced a new CEO in Danny Maher who has has over 25 years’ experience In the IT Industry across the USA, Asia, UK and Australian markets.

In 2010 Maher established Opmantek – a developer of cloud-enabled automated enterprise network management and IT audit software who’s customers include Microsoft, Telmex, NASA and Singtel.

“It’s very good news for FirstWave shareholders to have Danny take up the role of CEO,” FirstWave executive chairman John Grant said.

“He brings terrific experience in commercialising software from Australia globally, and the thinking and approach of a founder through his significant shareholding in the company.”

 

 

 

 

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