ASX:Z2U
Zoom2u Technologies Ltd
Investment Summary
The fund managers believe that Zoom2u Technologies Ltd is showing promising growth, evidenced by a record revenue generation in the December quarter and a significant revenue increase of 35% in CY23. In their opinion, this performance is commendable given the challenging retail economy. They note the consistent monthly growth in new clients and cash receipts for the Locate2u software platform, indicating potential for further contract acquisitions as the year progresses. Additionally, the fund managers highlight that costs have been effectively controlled, culminating in a milestone positive underlying EBITDA for the December quarter, which reinforces their positive outlook on the investment.
Commentary From The Managers
Cyan Investment Management
31 Jan 2024
$0.06
- Zoom2u Technologies Ltd (Z2U +9%) reported record revenue in the December quarter.
- There was a material jump in revenues in CY23, achieving 35% growth despite a challenging retail economy.
- The software platform Locate2u is seeing consistent monthly increases in new clients and cash receipts.
- Expectations for further contracts as the year progresses.
- Company has maintained well-controlled costs, achieving a milestone positive underlying EBITDA in the December quarter.
- Cyan Investment Management continues to monitor the growth and potential of Zoom2u.
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