A simple 5 year review Here is a 5 year review, plus the current twelve trailing months of recurring revenue and free cash flow generated by the company. To smooth out the fcf number, I've excluded the non cash working capital component.
Fcf Recurring Rev
Ttm $996k $4,322k
2022 $858k $3,951k
2021 $60k $3,504k
2020 $296k $3,189k
2019 $741k $2,944k
2018 $297k. $2,722k
Recurring revenue has grown by ~ 10% per annum for the last 5 years.
I think this is a great little company that is going to do very well in the years ahead. Trading at about 11.25 times free cash flow with strong momentum on its side. Plus, a very clean balance sheet.