CAT +9.13%: Released 1H25 results this morning that showed a smaller loss than expected on better revenue and strong growth in annualised contract value.
- Revenue rose by 19% on a constant-currency basis to $57.8 million, ~2% ahead of expectations.
- 1H25 loss of $5.5 million, compared with an $8.4 million loss a year earlier and against $7.1million expected.
- Importantly, annualized contract value (ACV), which is a key leading indicator of future revenue, rose by 20% to $96.8 million, which is good and a new record.
- Customer Lifetime Duration increased 7% YoY to 7.6 years, spread across 3470 professional teams, underpinning increasing predictability about future earnings.
Catapult is the global leader in sports technology solutions and after a tough period early on, has been kicking goals. We covered CAT in more detail last week (here) and retain our position in the Emerging Companies Portfolio.
MM is long & bullish CAT
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