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Dragontail Systems Limited (ASX:DTS) designs and develops software. The Company offers a platform for food preparation, delivery, marketing, and management processes. Dragontail Systems serves fast food and quick service restaurants in Australia.
The company has via the latest release on ASX disclosed the quarterly operational update covering the three months period which had ended on 31 December 2018 (Q4 2018). The Company continues to maintain a close relationship with leading QSR food groups as well as various point of sale companies (POS) across the globe and securing more projects which will enhance its position in the industry. The goal was to establish and stabilize the company's position and create significant gripping points.Â
Some of the prominent highlights for the quarter are as follows:
- Total cash receipts for 2018 financial year three times greater than in 2017.
- Receipts in Q4 were lower than Q3 due to the timing of invoice receipts being subsequent to 31 December 2018. This does not in any way reflective of the installation base growth which is currently at approximately 80% increase over Q3 install base.
- Due to circumstances beyond the control of the company, some of the installations planned for late 2018 were postponed to the early part of 2019. The Company has adjusted its forecasts accordingly and estimates that the base of 1,700 installations will be reached during Q2 2019.
- Tiger Global Investments (a US-based $20 billion fund) invests $6m AUD into the firm. This has provided the Company with the strong backing and stability required to maximize its activity in 2019.
- As of the end of Q4, the installation of the QT Camera has begun in 2 Australian states as part of the planned deployment of 850 in Australia and New Zealand throughout the beginning of 2019.
- Pizza Hut Australia (owned by YUM! Brands - the world's largest QSR company), to implement company's Algo and driver sharing platform in its 280 stores across Australia.
- Pizza Hut Canada chose the Full "Algo" and the Algo Light Platforms, as the Brand standard solution of PH stores in Canada (part of YUM!). Installation rate is accelerating to realize projected install base of over 350 stores during 2019.
- Recipe Unlimited Corporation (formerly Cara Operations Limited), Canada's largest full-service restaurant operator, to be the first to implement the Algo light platform independently, with only remote control of the company.
Now let us quickly look at the companyâs stock performance over the last few months. The stock is currently trading at $ 0.155, with a market capitalization of circa $43.40 Mn as on 24 Jan. 2019. The stock has opened the trade at $0.175 which is also the dayâs high & touched a dayâs low of $0.145. The stock has delivered a YTD return of -10.26%. The company has posted returns of 40%, and -5.41% over the last six months & three months period respectively, as on 23 January 2019. It has a 52-week high price of $0.325 and a 52-week low of 0.105, with an average volume of 373,203 approximately.
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