Sign up Australia
Proactive Investors - Run By Investors For Investors

Catapult Group delivers GPS wearable tracking technology for cricket players

The agreement commenced during the Sydney Test and covers the remaining matches.
Australia England cricket match
Channel 9 will use the data for live broadcast

Catapult Group International Ltd (ASX:CAT) has signed a new GPS data agreement with Channel 9, covering Australia-England matches in the Gillette ODI and T20 Series for the 2017/18 season.

The company’s unique technology captures the physical data of players through small GPS units that are worn by them.

Under the new agreement, Catapult will deliver data from its GPS-enabled wearable tracking technology to Channel 9 for use in live broadcast.

The agreement commenced during the Sydney Test, and covers the five remaining one-day international matches and three T20 matches against England.

Data can be used by teams for performance analysis

The data generated will continue to be made available to the team during the matches for performance analysis, via Catapult’s proprietary performance analytics software, OpenField.

The broadcast overlay is sponsored by Gatorade and viewers have already seen the metrics - including total distance run, top speed, and hard running efforts - presented as the “Gatorade Tracker”.

Positive revenue outlook for the company

Catapult has generated positive Q1 FY18 net operating cash flow of $8.3 million with its cash balance up 20% on the previous quarter (Q4 FY17) to $20.1 million.

Significantly, Q1 FY18 cash receipts from wearables customers are up 80% on Q1FY17 to $10.1 million.

The company’s outlook for FY18 is $76 - $81 million group revenue representing a 25%-33% growth on FY17 statutory revenue.

View full CAT profile View Profile

Catapult Group International Ltd Timeline

Related Articles

Empty meeting room
March 06 2018
The company's eponymous flagship product is not the only remote meetings enabler out there, but judging by the company's rapid growth, it is one of the best
company logo with user generated content such as pictures
March 12 2018
MediaConsent will complement the company's rapidly expanding core business.
An illustration of the tools Velpic uses in providing education and incident management
March 22 2018
Velpic has just signed its first NowForce client in Australia.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use