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Trade Window Holdings Limited Analysis

Overview

TradeWindow is a software company serving organisations working on the front line of global trade. TradeWindow provides digital solutions for exporters, importers, freight forwarders, and customs brokers to drive productivity, increase connectivity, and enhance visibility.

Performance

The following information was extracted from Trade Window Holdings Limited's full year results, released 30 May 2024:

TradeWindow delivers strong growth and demonstrates resilience

TradeWindow (NZX: TWL), the global trade software business, today announces its financial results for the full year ended 31 March 20241 showing strong growth in revenue and prudent management of capital against a backdrop of challenging economic and capital market conditions.

TradeWindow also reports it is delighted with the progress it has made in the first two months of the new financial year. The company continues to expect FY 25 revenue to range between $7.3 million and $8.3 million and to achieve monthly EBITDA breakeven by the end of the financial year.

HIGHLIGHTS

  • Trading revenue: $6.2 million, up 26% from $4.9 million
  • Annual recurring revenue: (ARR) 2 : $6.3 million, up 21%, buoyed by strong customer retention and increased usage by existing customers
  • Gross margin: Improved 8 percentage points to 54%, reflecting greater operational efficiency 3
  • Total operating expenses: $13.4 million down 23% following comprehensive costreduction strategies and an operational realignment
  • EBITDA loss: $6.6 million, down 43% from $11.7 million
  • Net loss after tax: $8.0 million down 18% from $9.8 million
  • Cash and cash equivalents: Ended the year at $0.2 million, but substantially improved after the year end with an oversubscribed $2.2 4 million capital raising.
  • FY 25 guidance: Revenue of $7.3 million to $8.3 million and monthly EBITDA breakeven by March 2025.

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