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Janison Education Group Ltd

Janison Education Group shares up 8% on trading update

The company listed on the ASX in December 2017 through a reverse takeover.

man in suit drawing an ascending line over the top of ascending tall buildings
Shares are trading at 45 cents, well above the 30 cent pre-listing capital raising price

Janison Education Group Ltd (ASX:JAN) has finished a transformational FY18 by achieving a 55% increase in platform revenue for the June quarter 2018 compared to the June quarter 2017.

The company has evolved from a private Coffs Harbour based business to an ASX listed, global education technology platform business.

Revenue for the business continues to show high growth with total revenue of $4.8 million in the June quarter 2018 demonstrating a 44% increase over the June quarter 2017.

Unaudited financial results show continued growth

Janison’s CEO Tom Richardson said: “FY18 has been a very successful year for Janison.

“It is very pleasing to see these sort of growth rates in the strategically important recurring platform income, which demonstrates our strategic plan and investment strategy is on track.

“Janison is strategically well positioned, on a global scale, to lead the market in digital assessment and learning.”

Two primary offerings

Janison is an education technology company with two primary offerings, Janison Learning and Janison Assessment.

Janison Learning is a leading integrated learning business that is used by large enterprise and government departments to build capability in their people.

Janison Assessment is a leading global platform for the provision of digital exam authoring, testing and marking which is sold to national education departments, tertiary institutions and independent educational institutions.

NAPLAN success

In May 2018, Naplan Online, powered by Janison’s assessment platform, was hailed a success by the Federal Education Minister following the nine day annual NAPLAN event.

For the first time ever Naplan implemented its exams online with 99.9%of the 668,000 tests completed successfully using Janison’s platform paving the way for future increases in the proportion of the NAPLAN event conducted online.

Quick facts: Janison Education Group Ltd

Price: $0.32

Market: ASX
Market Cap: $58.08 m
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