GEO is currently listed on the NZAX, with our ticker code: GEO.
Mr Sharp has had a 25-year career investing in, financing and running growth businesses across several continents. Before founding North Ridge Partners in 2002, he was Global Head of Technology for ABN AMRO Bank in London and CEO of ABN AMRO Asia in Hong Kong. Mr Sharp is Chair of Asia Pacific Digital and Chair of Webjet. He resides in Queenstown.
Dr Cicognani has served as a leader in public and private companies, driven by a passion for all things digital. She was awarded a PhD from the University of Sydney, is an Honorary Professor at the University of Wollongong in the Faculty of Engineering and Information Sciences, and a Director on the Board of Basketball Australia. Anna in based in Sydney.
Ms Brownrigg is one of New Zealand’s leading accountancy consultants with an extensive track record in business creation, transformation and succession. In 2011, she was recognised by the New Zealand Institute of Chartered Accountants and awarded a Fellowship for her outstanding contribution to the accounting profession.
Mr Ebbeck is an experienced Director and CEO. He is a former CEO for both Oracle and SAP in ANZ where he lead the businesses through periods of transformation, growth, and model shifts to cloud. Sydney based, he is a Director of cloud and technology distributor Nextgen Distribution Pty Ltd, executive Chair of IXUP and a former Director of CPA Australia Ltd.
Reflecting the first full year of ownership of its GeoSales product, total revenue grew by $2.18m to $4.52m, an increase of 93% over the prior corresponding period (PCP) on a non-GAAP basis.
Group monthly recurring revenues grew at an annualised rate of 19.5% despite FY17 being a period of heavy restructuring and integration. GeoService and GeoSales delivered monthly recurring revenue growth at annualised rates of 24.8% and 13.4% respectively.
EBITDA for the year improved by 13% over PCP to ($2.14m) after expensing more than $320k in one-off restructuring costs associated with the integration of the GeoSales product and $184k in ASX listing expenses.
The average monthly operating and investing cash burn (excluding restructuring costs) was $245k for the period, a reduction of 7% on PCP.
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