Aspermont Ltd (ASX:ASP, FRA:00W, TDG:00W), the market leader in B2B media for the global resource sectors is pleased to report strong growth across all areas in the full year 2021, ended September 30.
Aspermont Managing Director, Alex Kent, said:
"Aspermont delivered growth across all businesses except Live Events in the full year 2021, despite the pandemic. Our focus on revenue ‘quality' delivered growth at higher margins and as a business we are now self- funded from positive cash flow.
We have a clear runway ahead and have the financial resources required to drive accelerated long term growth. Our team has a proven track record in developing scalable subscriptions and data-based business models. We will organically add more products, services, sectors, and geographies as we progress over the next 10 years.
Besides our operational business, we are also very excited about our new fintech business venture, which we founded with two partners in FY21. This new business is well funded with an initial focus on providing a capital raising platform for sophisticated investors on the ASX market. Aspermont is the largest shareholder with a 44% stake and sees an opportunity to leverage its existing corporate and investor audiences for the new venture whilst, at the same time, enhancing its own offerings through the provision of additional complimentary services that will come from it.
Aspermont has the people, the brands, the audiences and the technologies all in place to achieve strong progress in FY22 regardless of the economic environment."
While Aspermont has built shareholder value in recent years, the directors are confident that continuing long-term growth will greatly increase shareholder value going forward. The market capitalization and share price have grown 250%+ over the last financial year (and well over 100% on a 3 and 5 year returns basis). Despite this the company remains significantly undervalued.
After considerable reorganization of both business and commercial models, Aspermont is now a mediatech growth company with a scalable operational architecture. Significantly improved gross margins and positive cash flow are anticipated over FY22 to finance a sustained program of inward investment to accelerate long term growth.
For full information on the company's latest results please see here:
This press release has been approved by the Board of Directors.
Additional information is available from:
Alex Kent, Managing Director +44 207 216 6060
Tim Edwards, Company Secretary +61 8 6263 9100
Aspermont (ASX:ASP, FRA:00W, TDG:00W) is the leading media services provider to the global resource industries.
Aspermont's commercial XaaS model for B2B media distributes high value content to a growing global audience. This versatile model is being scaled to serve new business sectors in new countries and languages to build exceptional long-term recurring revenues.
Aspermont's Data monetization and Client Marketing Service businesses are symbiotic with the primary XaaS model and have the capacity to multiply current revenue streams.
Aspermont is listed on the ASX, the Frankfurt Stock Exchange and other European exchanges. Aspermont has offices in the United Kingdom, Australia, Brazil, USA, Canada, the Philippines, and Singapore.
For more information please see: www.aspermont.com