Business
Final Results
Final Results.
About this update from Craneware Plc
[{"type":"text","content":"\n\n \nCraneware plc\n(\"Craneware\" or the \"Company\" or the \"Group\")\n \n2023 Final Results Growth in key financial metrics, closing the year on an improving trajectory\n \n5 September 2023 - Craneware (AIM: CRW.L), the market leader in Value Cycle software solutions for the US healthcare market, announces its audited results for the year ended 30 June 2023.\n \nFinancial Highlights (US dollars)\n· Revenue increased 5% to $174.0m (FY22: $165.5m)\n· Adjusted EBITDA1 increased 6% to $54.9m (FY22: $51.8m)\n· Annual Recurring Revenue2 increased to $169.0m (H1 FY22: $166.4m), with an associated Net Revenue Retention3 value of 100% (FY22: n/a)\n· Statutory Profit before tax $13.1m (FY22: $13.1m)\n· Basic adjusted EPS1 87.0 cents (FY22: 89.0 cents) and adjusted diluted EPS 86.3 cents (FY22: 88.1 cents)\n· Basic EPS 26.3 cents (FY22: 26.8 cents) and diluted EPS 26.1 cents (FY22: 26.5 cents)\n· Robust Operating Cash Conversion4 at 92% of Adjusted EBITDA (FY22: 80%)\n· Total Cash and cash equivalents $78.5m (FY22: $47.2m)\n· Total Bank Debt $83.0m (FY22: $111.6m)\n· Proposed final dividend of 16.0p per share (20.19 cents) (FY22: 15.5p, 18.80 cents) giving a total dividend for the year of 28.5p per share (35.95 cents) (FY22: 28.0p, 33.96 cents) up 2%\n \n1 Certain financial measures are not determined under IFRS and are alternative performance measures as described in Note 16\n2 Annual Recurring Revenue \"ARR\" includes the annual value of licence and related recurring revenues including transaction revenues as at 30 June 2023 that are subject to underlying contracts and where revenue is being recognised at the reporting date\n3 Net Revenue Retention is the percentage of revenue retained from existing customers over the measurement period, taking into account both churn and expansion sales\n4 Operating Cash Conversion is cash generated from operations (as per Note 16), adjusted to exclude cash payments for exceptional items and movements in cash held on behalf of customers, divided by adjusted EBITDA...