Q: Good morning! Can we please have your results comments and expectations going forward on VHI. Thank you.
5i Research Answer:
EPS of 1.6c missed estimates of 2.8c; revenue of $20.59M beat estimates of $19.42M. EBITDA of $5.0M beat estimates by 9%. Cash is $90M, and the CEO noted the four acquisitions last year and expects a continued strong M&A pace this year as well. Organic annual recurring revenue ARR rose 15%. Total organic growth was 5%, acquisition growth 27%. Gross margins 81%. Net income did fall year over year. But EBITDA rose 27%. Not a perfect quarter, but the ARR growth is good to see, and the company is certainly still in growth mode set-up overall. Consensus calls for at least 50% EPS growth this year.