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Positions Company for Entry into High Growth Adjacent Market with Compelling, Competitively Advantaged ZTNA and SASE Product Portfolio, on Foundation of Strong Profitability
Expected to be Accretive to ARR, Revenue, and Adjusted EBITDA Growth Going Forward
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VANCOUVER, British Columbia & SAN JOSE, Calif. Absolute Software Corporation (Nasdaq: ABST) (TSX: ABST) (“Absolute”), a leader in Endpoint Resilience™ solutions, today announced it has signed a definitive agreement to acquire NetMotion Software, Inc., a leading provider of connectivity and security solutions (the “Transaction”). Under the terms of the agreement, Absolute will acquire 100% of privately-held NetMotion for USD$340 million in cash.
Profit before other items is defined as revenue less operating expenses i.e. profit before taxation, finance income and costs, depreciation, amortisation, bargain purchase gain and gain on the call options Underlying statistics are net of certain transactions which do not form part of the regular operations of the business as further detailed in Table 2 below
· Stability of recurring revenue apparent through the Covid-19 virus · Focussed on keeping colleagues safe through working from home and following Governments guidelines and maintaining customers service levels · The majority of our key IT projects for improved profitability are now live with the remaining concluding in the first half of 2021. Continued focus on technology to become a key differentiator.
Full Year Results Delivering profitable growth in a year of significant strategic and operational progress Angling Direct plc (AIM: ANG), the leading omni-channel specialist fishing tackle and equipment retailer, is pleased to announce its Full Year results for the 12 months ended 31 January 2021 ( FY21 ). Financial Highlights · Group revenue increased 27.1% to £67.6m (FY20: £53.2m) · Online sales up 39.9% to £35.3m (FY20: £25.2m), with international sales accounting for 12.4% of total online sales · Retail store sales up 15.5% to £32.3m (FY20: £27.9m), despite impact of national lockdowns · Gross profit of £23.1m, up 39.5% (FY20: £16.6m) with a 300bps improvement in gross margin to 34.2% (FY20: 31.2%), underpinned by more disciplined approach to pricing and inventory management
Stormcrow Holdings Corp. Provides Update on Qualifying Transaction with Highmark Interactive and Details of Concurrent Financing Led by Beacon Securities Limited
Stormcrow or the
Company ) is providing an update on the arm s length transaction with Highmark Interactive (
Highmark ), a company existing under the laws of Ontario, previously announced in a news release dated December 11, 2020, by which the parties intend to effect a reverse takeover of Stormcrow by Highmark, which transaction will constitute Stormcrow s qualifying transaction under TSX Venture Exchange (
TSXV ) Policy 2.4 (the
Proposed Transaction ). Trading in the common shares of Stormcrow (
Stormcrow Shares ) has been halted in accordance with TSXV policies since the date of the initial announcement, and will remain halted until such time as all required documentation has been filed with and accepted by the TSXV in connection with the Proposed Transaction. There can be no assurances that the Proposed Tr
Underlying results are stated before exceptional and other items (see note 5) · Gross profit up £10.7m (31.3%) to £44.9m due to exceptional trading in Group Charter and Freight · Overall, the US contributed 39.6% to total Group gross profit · Underlying profit before tax of £11.6m, up £7.4m year on year (176.2%), driven by strong trading and cost saving measures · Statutory profit before tax of £8.4m · Basic EPS of 9.4p · Net cash (excluding JetCard cash) of £9.9m, from net debt of £6.9m at 31 January 2020 · Liquidity headroom of £24.4m, comprised of net cash (excluding JetCard cash), an undrawn RCF facility of £13.0m and £1.5m overdraft · Recommended final dividend of 1.6p per share (2020: 0.0p), making total of 2.4p per share for the whole year, up 33.3% on prior year (1.8p)