Six ASX small caps that reported positive quarterly results today
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Hipster homewares seller Temple & Webster (ASX:TPW) is still successfully fighting off a multitude of rivals to maintain a run of cash-positive quarters.
The e-tailer — one of a raft of online furniture sellers — continued a three-quarter run of making more than it spent, ending June $610,000 ahead after banking $22.7 million in cash receipts (up from $19.4 million last quarter.
Temple — which made our list of the top ASX tech stocks of last year — reduced the cost of gaining new customers to $54, while active buyers hit 198,000 people, with almost half of those being repeat clients.
The stock was up 7 per cent to 77c at 1pm AEST.
The ecommerce store was one of several companies that posted good quarterly results today.
Baby photosite Tinybeans (ASX:TNY) said it’s produced “record” results, lifting revenue in the fourth quarter to $582,000 from $408,000.
It also managed to increase active users to 940,000 in the quarter, which it said was 37 per cent more than in the whole of 2017.
Tinybeans faces a challenge of initially sticky users such as new mums, dads, grandparents and relatives getting less sticky as kids grow up.
The company makes money from subscriptions and from advertising and branding deals, and is not yet cashflow positive.
With the coal downturn over for the time being, Universal Coal (ASX: UNV) says it’s also made record quarterly earnings.
EBITDA earnings hit a $21.4 million high as the company exported more from its New Clydesdale colliery, and also took advantage of higher coal prices.
“One of the most pleasing aspects of the quarter was our ability to exceed market guidance for the year to date, delivered through our operational consistency in achieving our projected volumes in production and sales and rewarded in higher export pricing levels,” said Universal Coal’s chief Tony Weber.
He says they’re committed to maintaining the dividend.
Exports were up 16 per cent, domestic sales by 1 per cent, and Universal has $36.8 million in cash.
It didn’t say whether it had made an operational profit or loss in the quarter though.
Cyber geeks for the win
Transaction Solutions (ASX:TSN) has proved yet again why getting out of Indian ATMs and into Sydney cybersecurity was a good idea.
The tech play posted its second quarter of positive cashflow — albeit only $56,000 — thanks to the Decipher Works (DWX) business.
It said receipts of $1.01 million were slightly lower than the prior quarter because in March Decipher Works included delayed payments by customers from December 2017.
Cybersecurity software seller Tesserent (ASX:TNT) says everything is rosy, although a capital raising during the quarter sent corporate costs up over $1 million and this sent the company into negative cash flow territory.
Tesserent took $1.6 million in the quarter but higher costs meant it was in the red by $32,000.
It says it signed $1.5 million worth of contracts in the June quarter.
Maker of tracking and monitoring tech Sensen Networks (ASX:SEN) says it too has broken its own records, making full year sales of $4 million.
The company listed via reverse takeover in October last year.
It’s still making cash losses however, down $863,000 for the quarter. It has $6.5 million in cash but does expect to send $1.6 million of that this quarter.