Impala Bidco Ltd Releases FY22 Group Financial Statements and Q1/Q2 FY23 Bond Reports
Nottingham, 29 September - Impero is happy to announce the delivery of its FY22 group financial statements, along with its Q1 and Q2 FY23 bond reports.
In line with the press release from September 21st 2023, the business is pleased to report that trading revenue for 2022 was £24,590K, versus £12,287K for FY21 (restated for IFRS), representing growth of 100%. Adjusted EBITDA grew from £568K (restated for IFRS) to £1,958k, representing growth of 245%. FY22 includes full year impact of ContentKeeper which was acquired January 2022.
H1 FY23 trading revenue saw growth of 1% from £11.8M to £11.9M, with recurring revenue increasing £0.8M from £9.4M to £10.2M - a growth of 9%. Recurring revenue as % of total trading revenue has increased from 79% for H1 FY22 to 85% in H1 FY23. Looking at Q1 FY23, recurring revenues amounted to 90% of total revenue, up from 85% compared to the same period last year. This development ultimately illustrates a more robust revenue base, with higher visibility going forward.
The business has seen a decline in non-recurring revenue year-on-year, due to the automation of customer onboarding processes which will help contribute to annualised cost savings of £4.2M by the end of the FY23, of which £1.9M has already been delivered.
Adjusted EBITDA came in at £0.4M for H1 FY23. This is a decrease of £0.3M compared to H1 FY22, due to an increase in OpEx costs and an investment in the finance team, systems and processes.
FY22 results and a summary of H1 FY23 are outlined below:
| FY23 £k | FY22 £k | Var £k | Var % | |||||||||
| Q1 | Q2 | H1 | Q1 | Q2 | H1 | Q1 | Q2 | H1 | Q1 | Q2 | H1 | |
| Recurring Revenue | 5,144 | 5,037 | 10,181 | 4,589 | 4,774 | 9,363 | 555 | 263 | 818 | 12% | 6% | 9% |
| Non-Recurring Revenue | 575 | 1,166 | 1,741 | 790 | 1,690 | 2,480 | (215) | (524) | (739) | -27% | -31% | -30% |
| Trading Revenue | 5,719 | 6,203 | 11,922 | 5,379 | 6,464 | 11,843 | 340 | (261) | 79 | 6% | -4% | 1% |
| COS | (1,121) | (1,351) | (2,471) | (1,104) | (1,299) | (2,404) | (17) | (52) | (67) | 2% | 4% | 3% |
| Gross Profit | 4,598 | 4,852 | 9,450 | 4,275 | 5,165 | 9,440 | 323 | (313) | 10 | 8% | -6% | 0% |
| GP % | 80% | 78% | 79% | 79% | 80% | 80% | - | - | - | 1% | -3% | -1% |
| OpEx | (4,790) | (4,279) | (9,069) | (4,446) | (4,315) | (8,761) | (344) | 36 | (308) | 8% | -1% | 4% |
| Adjusted EBITDA | (192) | 573 | 381 | (171) | 850 | 679 | (21) | (277) | (298) | 12% | -33% | -44% |
| Recurring Revenue % | 90% | 81% | 85% | 85% | 74% | 79% | ||||||
All financial reports can be accessed on the Impero website: www.imperosoftware.com.
For further information, please contact:
Ian Kelly, CFO
E-mail: ikelly@imperosoftware.com
Phone number: +44 7990 11 19 85
Information:
This information is information that Impala Bidco Ltd is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at [17.00] CEST on 29 September 2023.
Impero's technology has the power to help people learn, work and connect safely online. It increases communication and collaboration, engagement and productivity, in the classroom, corporate office or any remote environment.
Since 2002, Impero has worked with schools and organizations across the globe. In 2021, Impero acquired Netop, a market-leading classroom management and remote access software company, and ContentKeeper, a leader in web filtering, reporting and mobile security for schools. Today, Impero works directly with technical teams, school districts/MATs and Fortune 500 companies in more than 90 countries.