The week ahead
In the UK, several companies with June year ends are reporting their December interim results this week. This includes Fonix Mobile PLC (LON: FNX) which reported its maiden results as a quoted company today. Fonix, which operates in the mobile payments sector and is a competitor of Bango PLC (LON: BGO) and Boku Inc (LON: BOKU) in the direct carrier billing space, joined the AIM market in October. Companies reporting December interims also include Netcall PLC (LON: NET) and Dotdigital Group PLC (LON: DOTD). Additionally, VR Education Holdings PLC reports its final results on Friday and the December final results season moves into full swing next week.
Netcall, which provides intelligent automation and customer engagement software, reports interims on Wednesday. In its trading update at the beginning of the month, it said the group had traded comfortably in line with management expectations during the first half of FY21 (fiscal 2021). The company said that first-half revenue grew by 9% to £13.4mln while adjusted underlying earnings (EBITDA) jumped by 38% to £2.9mln. Cloud annual contract value (ACV) increased by 25% to £8.4mln, contributing to a 7% growth in total ACV to £17.7mln and the group's normalised cash position at end-December was £10.7mln, comfortably offsetting borrowings of £6.8mln.
Last week Netcall announced the expansion of its Liberty Platform to include Robotic Process Automation (RPA) capabilities along with enhancements to Liberty Create, Liberty Converse and Liberty Connect. This follows the acquisition of RPA vendor Automagica in October 2020 and the completion of the integration and development of its RPA solution to manage processes and automation from a single cloud solution. The company said that the launch of Liberty RPA significantly broadens the group's offering into the high growth automation market, providing customers with a comprehensive digital transformation toolkit.
Dotdigital, which provides an omnichannel marketing automation and customer engagement platform on a 'SaaS' (software-as-a-service) basis, reports interims on Thursday. In a trading update in late January, the company said that it had a “strong first-half performance driven by continued execution of the organic growth strategy, namely ongoing product innovation, geographic expansion and growth through strategic partnerships”. The company said that organic revenue from continuing operations rose by approximately 22% to £28.2mln in the first half while profitability was expected to be in line with the recently upgraded market expectations. The average revenue per customer (ARPC) lifted by 20% to £1,196 per month and the group had a cash balance of £27.6mln at the end of the reporting period.
VR Education, which offers a proprietary online virtual reality communications platform called ENGAGE as well as VR showcase experiences, reports final results on Friday. In its trading update in January, the company said it expects to report FY20 revenue of about €1.42mln, which represents an increase of 38% on the prior year. The group’s ENGAGE platform revenue rose by 550%, now accounting for more than 40% of group revenues (FY19: 9%), and the user base rose by more than 700%; however, showcase experience revenues were €400k below expectations due principally to COVID related museum closures in the US. The company has outlined its medium-term objectives, with the primary goal of reaching a €10mln annual ENGAGE revenue milestone, 500 active Enterprise customers and 100,000 monthly users during 2023 – 2025.
Across the pond, graphics chipmaker NVIDIA is the highlight in the earnings calendar with it reporting fourth-quarter (Q4) numbers on Wednesday. However, Thursday is the busiest day for earnings with Salesforce and its peer Workday both reporting Q4 figures while computer maker Dell reports Q4 numbers and its peer HP reports its Q1 numbers. Several other enterprise software businesses report this week including Intuit on Tuesday (Q2) and Autodesk on Thursday (Q4). Twitter has its virtual analysts’ day on Thursday while Jack Dorsey’s payments company Square reports Q4 numbers on Tuesday. Later today, Spotify is hosting a virtual event called “Stream On” which will be followed by an investor discussion and Q&A with founder and chief executive officer, Daniel Ek, and chief financial officer, Paul Vogel.
Other tech-related companies expected to report this week include Palo Alto Networks, Cadence Design Systems, ZoomInfo Technologies, Verisk Analytics, Mcafee, Square, PubMatic, 3D Systems, ANSYS, Sina Corp, Corelogic, NetApp, Upland Software, Envestnet, NetEase, Zscaler and VMware.
|22-Feb||Fonix Mobile||Interim results||31-Dec|
|26-Feb||VR Education||Final results||31-Dec|
|Week of 1 Mar||CloudCoco||Final results||30-Sep|
|08-Mar||PCI Pal||Final results||31-Dec|
|09-Mar||Gresham Tech||Final results||31-Dec|
|Early Mar||Attraqt||Final results||31-Dec|
|16-Mar||Eagle Eye||Interim results||31-Dec|
|24-Mar||Keywords Studios||Final results||31-Dec|
|25-Mar||Learning Technologies||Final results||31-Dec|
|March||Seeing Machines||Interim results||31-Dec|
|March||Keywords Studios||Final results||31-Dec|
|Week of 29 Mar||Mobile Tornado||Final results||31-Dec|
Source: Data from regulatory news and company websites