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Vault Intelligence aims to beat 80% growth in annualised recurring revenue in FY19

Vault Intelligence (ASX:VLT) chief executive Dave Moylan speaks to Proactive Investors about the operations of the only safety technology company listed on the ASX.

The company's safety, risk and compliance software is now used by around 400 companies across over 30 industries, managing protection for in excess of one million employees and contractors.

"Concentrating on the annual recurring revenue allows us to build very much a sustainable model moving forward. We put out to the marketplace at the start of last year that we'd be looking at turning four million in terms of contracted annualised recurring revenue. That gives a nice start for the 18/19 financial year because that really represents 80% year-on-year growth, which is extremely exciting for us. We think we can do better and we're striving hard to do that," says Moylan. 

Speaking about some of the new and enhanced products in development, Moylan says, "we've got some great products, we're going down the lines of artificial intelligence, the internet of things. Working in strong collaboration with Samsung has been really important for us and is something that we look forward to telling the market more about in the future as well."

Another key driver for growth is Vault Intelligence's ongoing expansion into the Chinese market.

Quick facts: Vault Intelligence Ltd

Price: 0.34 AUD

ASX:VLT
Market: ASX
Market Cap: $43.52 m
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Vault Intelligence 'buoyant' with record quarterly results and advanced...

Vault Intelligence Ltd (ASX:VLT) chief executive officer David Moylan updates Proactive Investors on the software company's record quarterly results.   Contracted annualised recurring revenue (CARR) growth was $542,000 for the March quarter, lifting total CARR to $4.77...

on 24/4/19

2 min read