Investor Update
Investor Update
Enprise
Unaudited Management Information
At 31 August 2019 2019 2018 Change
Revenue 3,239,781 2,826,756 15% Increase
- Recurring revenue 1,082,852 933,696 16% Increase
- Non-recurring revenue 2,157,199 1,893,060 14% Increase
Profit 463,661 454,946 2% Increase
Share of Joint Ventures (140,635) (434,953) 68% decrease
Net Profit 323,026 19,993 Increase
Kilimanjaro
Kilimanjaro has obtained permission from MYOB to exercise the put option. This was the final
requirement before the put option of 2,854,650 ENS Shares could be exercised in return for
the remaining 52.71% not controlled by Enprise. The other shareholders in Kilimanjaro now
have until 30 August 2020 to exercise the put option.
Unaudited Management Information
At 31 August 2019 2019 2018 Change
Revenue 3,913,927 3,746,541 4% Increase
- Recurring revenue 1,149,639 1,055,961 9% Increase
- Non-recurring revenue 2,764,288 2,690,580 3% Increase
Profit 244,170 (449,091) Increase
Enprise Share 115,468 (212,375) Increase
Datagate
Unaudited Management Information
At 31 July 2019 2019 2018 Change
Annual Recurring Revenue $634,668 $397,572 60% Increase
Customer count 62 35 77% Increase
- New Zealand 38 31 23% Increase
- Rest of the world 24 4 500% Increase
Highlights of the last 12 months
- North American Office up and running successfully based out of Vancouver
- Full team in place in North America, covering the functions; Sales, Marketing,
Implementation, Support
- Proven product-market fit for Datagate, notable pull for Datagate’s product from
customers and partners
- Strong momentum and repeatability in the lead generation and sales process
- All customers now migrated to the new, highly-improved Datagate version 2
- Low customer churn maintained (3 in total and due to non-Datagate reasons)
Datagate is currently raising $500,000 at $1.90 per share in new capital to achieve the
significant milestone of USD $1M in annual recurring revenue. The Enprise board has
committed today to take up its entire entitlement in this rights issue which at 35.21% is
$176,050 to be funded from existing resources. At $1.90 per share, Enprise’s investment in
Datagate after this commitment will be valued at $3,530,452.
iSell
At 20 August 2019 2019
Customer count 84
- Australia 69
- New Zealand 11
- Rest of the world 4
iSell now has their cloud version of IT Quoter out of Beta and launched as general release.
Uptake has been positive and the team is working on migrating the existing on-premises
customers to the new cloud version. iSell is transitioning from a product development
business model into a sales execution business model that will require significant additional
funding before breakeven is achieved.
Vadacom
Vadacom is performing to plan and the board is pleased with the year to date progress.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
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