SaaS success launches Catapult’s profits skyward
Catapult Group International (ASX:CAT) has announced a robust financial performance for the first half of FY25, ending 30 September 2024.
Read MoreTag: CAT
CAT – Morgans rates the stock as Add
Catapult Group International recently provided an update on trading conditions. This showed the net cash balance had improved by US$10.1m from 30 June. A loan drawn at the beginning of the pandemic has been repaid, which shows increased confidence in the outlook, in the view of Morgans.
Read MoreCAT – Morgans rates the stock as Upgrade to Add from Hold
Catapult Group has renewed and expanded its deal with Rugby Australia, in the wake of renewing its deal with the NRL, meaning no more material renewals upcoming in the near future.
Read MoreThe Business Of Sports Technology: Where To Invest
In the contact sports sphere, concussion is fast evolving from an acceptable workplace risk to a multi-billion dollar headache for sports organisations and – more pertinently – their insurers.
Read MoreCatapult Giving Investors A Sporting Chance
Catapult provides elite sporting organisations and athletes with detailed, real-time data and analytics to monitor and measure athletes. The founders behind Catapult invented this technology category in the early 2000s, in partnership with the Australian Institute of Sport (AIS) to monitor and track the physiological performance of elite athletes.
Read More
