Are These 3 Companies—BLT, PYS, GWC Up For A Banner Year Ahead?

Summary

  • Blis Technologies performed as expected in FY21
  • PYS reported strong results and announced that it would be a fintech company
  • Goodwood coming out of red and looking forward to growth in FY22

Blis Technologies Limited (NZX:BLT)

The Probiotics company reported its FY21 results till 31 March 2021. BLT has been able to deliver a revenue of NZ$10.6 M and EBIT of 1.0M. The revenue is the same as provided in the guidance, but the EBIT is in the lower range.

Net profit reported is NZ0.6 M. The ingredients revenue reported a 12% increase, finished products sales through online platform were up 22%.

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The company has been aggressively pursuing new markets in China. Of late, it signed a contract to sell the new strain of probiotic in Indian market. The Company also did a commercial release of BLIS Q24 and a skincare brand called unconditional skincare.

During this time, it acquired the approval of Health Canada for its finished product range

BLT Chairman Blis Offen said that all these changes and new products and markets in FY21 had only paved way for a significant growth in the future.

PaySauce Limited (NZX:PYS)

Employment solutions software provider, PaySauce announced its full- year results today.  FY21 was a very exciting year for the Company as it was able to achieve a growth in all indicators. While it reported a 44% increase in its recurring revenue, revenue from processing fees recorded a 59% jump.
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In terms of customers, it reported an increase of 106% in LTV and 36% increase in active customers. The Company also launched Rosters and BNZ PayNow—two new products.

According to the CEO of the Company, Asantha Wijeyeratne, the results reflected how streamline d the business has got.  He said that with the launch of new products the Company is becoming a market leader in fintech.

For the future, the Company is well positioned to achieve growth while moving from a payroll app to fintech. While it gave no specific earning guidance, it has outlined a broad plan of becoming a fintech company,

Goodwood Capital Limited (NZX:GWC)

GWC announced its full-year results for FY21 on Thursday. The Company went for restructuring in October in which it was removed from liquidation as per the orders of High Court. The trading restrictions were also removed from the Company. Mounterowen Limited continued to support and acquire all outstanding liquidation assets.

New Board took over, the Company had no cash reserves, no assets. In order to raise cash, the Company undertook capital raise of NZ$52,669 through the issue of 2,633, 451 new to ordinary shares to wholesale investors. Furthermore, the Company gathered more Capital for basic costs.

The Company reported that in the FY21, it incurred a loss after taxation of NZ$ 307,206. Of this, NZ$130,610 was relating to some accounting requirement to qualify as profit or loss.

The financial result for the Group for the financial year ended 31 March 2021 is a loss after taxation of NZ $307,206. NZ$130,610 of this loss relates to an accounting requirement to reclassify to the profit or loss.

 Going forward, the Board is looking forward to some new business opportunities to acquire or invest. Even though the discussions are on, there are no tangible results as yet.

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