Sharechat Logo

Plexure Group Limited (NZX: PX1) Revenue Guidance

Monday 30th August 2021

Text too small?

Following the recent announcement of its intention to acquire Task Retail Pty Limited of Australia and its global subsidiaries (subject to shareholder approval), Plexure Group Limited, wishes to confirm its revenue guidance of NZ$45 to NZ$47 million for its financial year ended 31 March 2022. This includes 12 month revenue for Plexure and the statutory 6 months of Task revenue, assuming a transaction completion date of 1 October 2021.

Proforma Revenue

The combination brings together two companies operating on different financial year cycles. To correctly reflect the forward value being attained by Plexure through the acquisition of Task, the combined FY22 forecast revenue on an annualised basis is NZ$59 million. This is comprised of Plexure’s forecast revenue for the financial year ended 31 March 2022 of $NZ30.3 million and Task’s forecast revenue of NZ$28.7 million for the financial year ended 30 June 2022.

Revenue Quality

Task primarily generates its revenue from recurring software licence and maintenance fees, hardware sales and professional services. Software and services revenue represented 79% of Task’s total revenue in FY21.

Revenue Diversification

The combination will bring material additional recurring revenue, a large identified pipeline of new clients, and cross-selling revenue opportunities. It will also significantly lessen Plexure’s revenue dependency on McDonald’s post acquisition – after FY22, McDonald’s revenue is expected to represent less than 50% of total group revenue on an annualised basis.

Please see the link below for details

Plexure Revenue Guidance

Source: Plexure Group Limited



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

BIF - Acquires shares in Hot Lime Labs
RUA - Cann Group granted TGA GMP for Mildura facility
AFI - Invitation to Results Webcast
PFI Share Buyback Programme to Pause
Greenfern Industries Limited ("GFI") - Late Annual Report
FSF - Monthly Allotment/ Redemption Notice
1st July 2022 Morning Report
General Capital Releases 2022 Annual Report
Fonterra, NZX, EEX confirm GDT strategic partnership
BIF - Annual Report 2022