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Follow on Google News | ![]() Despite a 20% sales increase, the stock price of RPMGlobal Holdings Ltd. still fellFollowing the announcement of its FY22 results, RUL completed the day 4.78% down at $1.495.
The following are key takeaways from the company's results:
Revenue growth was high across all operational segments for the organization. Net operational revenue increased by 18% year on year. This amounted to a net loss after tax of $4.1 million, which was $1.4 million less than the previous year's loss of $5.5 million. The firm also recorded a $1.1 million loss from closure and one-time M&A expenditures related to the Russia and Ukraine war. RUL also has $95.5 million in pre-contracted, non-cancellable software subscription income as of 30 June 2022. This is an increase of $29.8 million from $65.7 million this time last year. The firm anticipates total revenue of $101 million in FY23, with EBITDA of $14.2 million. "RPM will achieve a new software sales record for the firm for the fourth year in a row," RPMGlobal declared. This is supported by a flattening of software spending over the next year. The business completed: "With the completion of our shift from perpetual to subscription license sales, the $95.5 million in pre contracted software subscriptions will now begin to flow through into the company's financials." RUL's share price has dropped 22% in the last year. For more latest news in US Stock Market, you may also visit us at Millennium Capital Management (Hong Kong) Limited through our website https://millenniumcapitalmgmt.com/ End
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