Enprise Group reports revenue increase, reduced losses

Enprise Group has reported a 5.4% increase in revenue to $21.9 million for the year ended July 31, 2023.

The MYOB specialist also achieved a significant reduction in operating loss, from $2.5m to $298,000.

The net loss for the period was $46,000, compared to $10.8m in the previous year.

Enprise Group's cash at bank increased to $1.7m, up from $229,000 in 2022.

Shareholders' funds more than doubled to $3.1m.

The company's subsidiary, Kilimanjaro Consulting, improved its performance in the second half of the year, despite tough economic conditions in Australia and New Zealand.

Kilimanjaro's Acumatica client base now exceeds 300.

Enprise Group's other subsidiaries, iSell and Datagate, also reported growth in revenue and recurring revenue.

The company recently acquired a 52% share in Recipe Marketing, a HubSpot Platinum Solutions Partner.