18 August 2022: ASX RELEASE
Sports, leisure and hospitality SaaS technology provider MSL Solutions Limited (ASX: MSL, “MSL” or “the Company”) is pleased to provide its Annual Report and Appendix 4E for the year ended 30 June 2022.
MSL Solutions Limited (ASX:MSL) delivers revenue growth of 37% to a record $33.93 m (FY21: $24.67 m) through organic growth of $4.04 m or 16% and from the inclusion of the acquired OrderMate business from 1 October 2021 of $5.22 m or 21%
Continued EBITDA1 growth of 70% to its highest annual EBITDA1 of $5.31 m (FY21: $3.12m)
EBITDA1 margin of 15.6% (FY21: 12.6%)
Generating net cash from operations before Income Tax of $4.5 m (excluding government subsidies) (FY21: $4.5 m)
Cash balance at 30 June 2022 of $9.39 m (FY21: $5.43 m) with no interest bearing debt (FY21: $2.25 m)
Net Profit after Tax for FY22 of $0.8 m (FY21: $0.9 m)
OrderMate acquisition, completed in September 2021 and now fully integrated, has resulted in a 20% increase in FY21 revenue on a like-for-like basis. OrderMate is placed in over 2,400 locations
SwiftPOS allows MSL to compete successfully in the stadium and enterprise hospitality market with success in both APAC and UK, examples include AAMI Park, Eden Park, the Gabba, Angus Steak House and the Thames Valley Theme Park.
OrderMate (acquired in September 2021) provided scale, opportunity and capability to MSL in the restaurant sector of APAC during FY22.