Rakon Ltd (NZSE:RAK)

NZ$ 0.63 0 (0%) Market Cap: 144.78 Mil Enterprise Value: 143.41 Mil PE Ratio: 0 PB Ratio: 0.96 GF Score: 57/100

Full Year 2021 Rakon Ltd Earnings Call Transcript

May 26, 2021 / 11:00PM GMT

Release Date Price: NZ$0.93 (+5.68%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Rakon's Full Year 2021 Results and Business Update Presentation. (Operator Instructions) Please note that this conference is being recorded today, Thursday, the 27th of May 2021.

I would now like to hand the conference over to the speakers today, Mr. Brent Robinson, CEO and Managing Director; and Mr. Anand Rambhai, Chief Financial Officer. Thank you, sir. Please go ahead.

Brent John Robinson

Rakon Limited - CEO, MD, CTO & Executive Director

Thank you, Eddie, and good morning, everyone. I'll start with our financial highlights.

Revenue was 8% higher at $128 million compared with last year of $119 million. Underlying EBITDA was 59% higher to $23.5 million against last year of $14 million. Net profit after tax was 142% higher to $9.6 million compared to last year of $4 million. Operating cash flow was 113% higher to $20.1 million compared with $9.4 million. Net cash improved by $12.9 million.

We'll go to Page 4 for key achievements. COVID-19 has highlighted our

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