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Reckon Ltd T.RKN


Primary Symbol: RKNLF

Reckon Limited is an Australia-based software company that provides software for accountants, bookkeepers, lawyers, small and medium enterprises (SMEs) and personal users. The Company’s divisions include Business Group and Legal Practice Management Group. Business Group provides accounting and payroll software for small to larger sized businesses and personal wealth management software branded as Reckon One, Reckon Mobile and Reckon Accounts Hosted (cloud products), Reckon Accounts Business and Reckon Accounts Personal respectively. The divisions operate predominantly in Australia and New Zealand. Legal Practice Management Group provides practice management software and workflow solutions to legal firms for document scanning and routing, print management and cost recovery solutions under the nQZebraworks brand, with a focus on releasing new cloud practice management products. It operates predominantly in the United States and United Kingdom, with re-sellers in other parts of the world.


OTCPK:RKNLF - Post by User

Bullboard Posts
Post by west12on May 06, 2015 5:23pm
105 Views
Post# 23701742

news

news

Fiscal Q2 2015 Financial Highlights 
(Comparisons made between fiscal Q2FY2015 and fiscal Q2FY2014 results, unless otherwise noted)

  • Revenue totalled $53.7 million ($61.1 million, on a constant currency basis), compared to $72.4 million
  • Gross profit was $32.7 million (61% of total revenue) compared to $34.7 million (48% of total revenue)
  • Adjusted EBITDA of $10.5 million (20% of total revenue) versus Adjusted EBITDA of $5.7 million (8% of total revenue)
  • Recurring revenue was 46% of total revenue, compared to 36%
  • Net loss totalled $2.0 million or $0.02 per share (net income of $6.8 million or $0.06 per share on a constant currency basis) versus a net income of $4.8 million or $0.05 income per share
  • Total cash at March 31, 2015 was $105.8 million
  • Cash flow from operations was $13 million
  • Order backlog of $157.2 million at March 31, 2015
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