[ad_1]
Capelle aan den IJsselThe Netherlands – 27 October 2022 – GeoJunxion (GOJXN.AS) publishes its 2021-22 Annual Accounts for the 12–months accounting year ending 30 June 2022showing significant improvements in all financial KPIs, including positive cash-flow.
We are pleased to present the GeoJunxion Annual Report for the accounting year 2021-22. It covers the 12-months period from 1 July 2021 to 30 June 2022. We remark that comparative financials for the past accounting year 2020-21 relate to the 18 -months period from 1 January 2020 to 30 June 2021.
A full copy of the GeoJunxion Annual Report 2021/22 is attached to this press release and can be found on the company’s website www.geojunxion.comunder the Investor Relations and Financial News sections.
The 2021-22 accounting year was, once again, an eventful period during which the company continued its transformation and turnaround. For the third year in a row, we realized a substantial top line growth, while slightly reducing operating expenses, on a like for Like basis. We also achieved Cash-Flow positive, as well as significant improvements on all the other financial KPIs. This is even more remarkable, because it was achieved during a time still impacted by the COVID-19 pandemic and increasing concerns about the global economy due to the ramifications of the war in Ukraine with high energy prices and increased inflation.
A summary of the key financials is provided in the table below:
Due to the change in the period of the accounting year 2020-21 (to 18 months), it is more difficult to analyze and compare the financials of the accounting year 2021-22 with the previous accounting years. As already remarked, the current accounting year covers the period from 1 July 2021 to 30 June 2022 (12 months), while the previous accounting year 2020-21 covers the period from 1 January 2020 to 30 June 2021 (18 months). Additionally, the accounting year 2019 was based on a 12-month period but from 1 January 2019 to 31 December 2019. To enable easier comparison, we also include below the income statement for the current accounting year and the pro-forma income statement for the two previous years, covering the same 12- months period from 1 July to 30 June the following year. This enables a clearer view of the revenue growth and significant improvements in all financial KPIs, comparing the same period.
Revenue increased year-over-year by 40% to €2.371.000 in 2021-22 compared to €1.698.000 in the same period in 2020-21. It is very encouraging to highlight that this growth is not only due to non- recurring service revenue, but also the recurring service revenue increased substantially year-over-year (+72%) and recurring licenses remained essentially stable compared with the previous year.
Costs for maps and data increased by 20,8% compared to the 12-months period of the prior year. These costs are related to content purchased to maintain …
Full story available on Benzinga.com
[ad_2]
Source link
