Plexure Group Limited (NZX/ASX: PX1) has announced its FY22 results update, showing a 12% increase in revenue to NZD$32.6m, and Group recurring revenue of $24.8m.
TASK saw a 30% increase in SaaS AMRR to $7.7m, with a further 32% SaaS AMRR growth already contracted for FY23.
The Plexure Division saw a 44% increase in end-users to 323 million and a 28% increase in customer activity, with 147 million actions being made every day of the year.
The Group posted an EBITDA level loss of $15.6m and net loss after tax of $24.1m, with $13.9m net cash as at 31 March, 2022.
TASK contributed a positive EBITDA to the Group.
Management are committed to ensuring that the Plexure Division operations are cash positive in FY23.
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