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DATADOT TECHNOLOGY LIMITED — AGM Information 2017
Nov 23, 2017
64764_rns_2017-11-23_31c89c4d-fb30-46e4-8394-b0f5ea0f16a7.pdf
AGM Information
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24 November 2017
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ASX Announcement
DataDot Technology AGM
The Chairman’s comments as below and presentation as attached will be provided at the Annual General Meeting of DataDot Technology Limited (ASX:DDT) today.
Chairman’s Comments
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The Board recognises that the slower than hoped for revenue growth in FY17 has been very disappointing
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much has been done during FY17 to position the Company for growth going forward through pipeline additions and maturity
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earnings were materially improved with a 43% increase in EBITDA as compared to the prior year and a 58% increase in NPAT as compared to the prior year
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improving trend continues into FY18
The key drivers of the FY 17 result were:
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a significant reduction in expenses; down $1.22m or 22% against FY16
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a 17% increase in authentication revenues to $1m and
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a slight increase in our DataDotDNA volumes
These gains were partially offset by:
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price erosion on the auto sector; due to re-pricing of a major contract on renewal at the beginning of FY17
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FX movements, and
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lower royalties from South Africa and Taiwan
We are now well placed to increase earnings as revenue increases given the increasingly efficient cost base.
For further details contact:
DataDot Technology Limited Temogen Hield, CEO Phone: +61 2 8977 4900 [email protected] www.datadotdna.com
About DataDot: DataDot Technology Limited provides world leading asset identification, management, protection and authentication solutions that deliver great value to customers. For more information please visit www.datadotdna.com.
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- Chairman’s Address Annual General Meeting
24 November 2017
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- In FY17 a significantly improved cost base delivered a positive earnings trend Key Drivers of the FY17 Result
Expenses improved by $1.23m (22%) Authentication revenue up 17% to $1.0m DataDotDNA volumes up slightly
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Price erosion in auto
sector ($0.8m) FX movements, particularly with regard to EU ($0.4m)
FX movements, particularly with regard to EU ($0.4m) Lower Royalties
($0.1m)
EBITDA improved 43% to a loss of $0.84m
NPAT improved 58% to a loss of $1.38m
Well placed to translate revenue growth into earnings. Increased revenue from an efficient and effective cost based critical to success.
© DataDot Technology Ltd. All Rights Reserved.
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Unit 9, 19 Rodborough Road Frenchs Forest, NSW 2086 AUSTRALIA
www.datadotdna.com [email protected] 61-2-8977-4900
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