Spectur Limited (ASX:SP3) Reports Strong Q2 FY25 Performance
Quarterly Revenue Performance
Spectur Limited (ASX:SP3) announced a consolidated revenue of $2.234 million for Q2 FY25. This represents a slight increase from $2.228 million in Q1 FY25 and an increase of 6% compared to $2.098 million in Q2 FY24. Recurring revenue surged to $1.581 million, reflecting a 6% rise from Q1 FY25 and a 17% increase from Q2 FY24.
Operating Cashflow and Financial Metrics
The company generated positive net cash from operations of $287,000 in Q2, contributing to an overall cash balance of $869,000 at the quarter’s end. Cash receipts from customers totalled $2.531 million, although this reflected a decline due to fewer advance payments.
Key cost reductions were implemented, leading to a decrease in various expenditures compared to prior periods. Spectur’s interim CEO, Anthony Schmidt, noted that the expectation is to transition towards consistent profitability in Q3 FY25 driven by lower operating costs and sustained revenue growth.
Future Outlook
The company expect that ongoing assessments of revenue and operating costs will result in further optimisation, paving the way for potential positive EBITDA results based on current revenue run rates and sales orders. The anticipated savings from payroll and other operational costs should materialise by March 2025.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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