Ahead of an official annual results announcement on 25 August, Melbourne, Australia-based SaaS collaboration technology provider Aconex has today reported its cash flows for its fourth quarter ended 30 June 2015 with the Australian Securities Exchange (ASX). In a supporting statement from CEO Leigh Jasper, the company also highlighted a record volume of new business, enterprise agreements with global contractors, and positive cash flow of Au$4.7 million.
“We ended FY15 with strong momentum in ANZ and internationally. Top-line performance in Q4 reached a new quarterly high, driven largely by infrastructure development across all regions. We signed enterprise agreements with Bechtel, John Holland, Lendlease, and other major global contractors, underscoring our strategy of increasing market penetration and expanding our global user network. Cash flow was positive and up significantly from Q3, demonstrating the inherent strength of our subscription-based business model. We’re entering FY16 in a very solid position – strategically, operationally and financially.”
The company is in a communications blackout until FY15 results have been made public.
Update (3 August 2015) – Shares in Aconex jumped almost 12% in ASX trading today (reports Motley Fool).
Update (13 August 2015) – Aconex last week announced that it had hired UBS, Macquarie Securities and Paterson Securities to oversee a share sale facility for Australian-based shareholders looking to reduce their stakes later this month. Aconex’s 2015 financial year results on August 25 will see 49m shares, worth about Au$215 million or 30% of the company’s shares on issue, and 1.6m vested options released from escrow, reported the Australian Financial Review. Aconex listed at Au$1.90 in December 2014 and closed at Au$4.40 on 6 August, increasing the company’s market capitalisation to Au$725 million from Au$312 million at listing.