Reckon Ltd T.RKN

Primary Symbol: RKNLF

Technology Software - Application

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.

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Reckon Ltd > Amazing could

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Comment by factRbeston Mar 03, 2017 10:38am

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Post# 25926505

RE:RE:Amazing could

west12 - (3/3/2017 7:35:55 AM)
RE:Amazing could

Well Quantum....do yourself a favour and take a look at the "backlog" from the last 4 years...its always close to that number. It means very little...this is not a manufacturing company.
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What is meaningful is in the last report the Rev from reoccuring revenue on a percentage basis increased while overall Rev decreased.

This says they are making less money and making less new business.
Backlog is probably written off in reality.

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