Sign up Australia
Proactive Investors - Run By Investors For Investors

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.

Meet High Peak Royalties Ltd, Yandal Resources, MMJ PhytoTech Ltd, Minotaur Exploration Ltd and Hydroponics Company Ltd at our event, Sydney , 22 October 2018. Register here »
View full VLT profile View Profile

Vault Intelligence Ltd Timeline

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