Absolute Software (TSX: ABST) Revenue Spikes 11% YoY

 

  • Revenue touched US$28.5 million in Q1 FY2021 (ending September 30, 2020)
  • Net income decreased by 25 per cent year-over-year to US$2.6 million.
  • The total annual recurring revenue (ARR) stood at US$111.7 million, representing a 13 per cent year-over-year growth. 
  • The cash generated from operating activities in Q1 FY2021 was US$14.7 million, 97 per cent up as compared to US$7.5 million in Q1 2020.
  • The company declared a quarterly dividend payout of C$0.08 per common share during Q1 FY 2021. 
  • As of September 30, the company’s cash, cash equivalents, and short-term investments were US$58.2 million. 

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