ASX listed Catapult Sports (ASX:CAT), which specialises in technology for monitoring sportspeople in action, has ridden the disruption to sport globally with a number of technologies for remote monitoring, contact tracing and proximity monitoring.
Chairman Dr Adir Shiffman told the company’s AGM on 20 August that company had leveraged its technology leadership to introduce new solutions dedicated to supporting its customers dealing with COVID impacts, including the ability to train athletes remotely, provision of an athlete proximity report for contact tracing, and the ability for coaches to conduct high-definition video analysis remotely.
“Following an unprecedented year of delayed and disrupted training, athletes using Catapult technology continued to compete at the highest level and perform at their best – including at the 2021 Tokyo Olympics,” Dr Shiffman said.
Catapulting athletes to gold
“Catapult athletes earned eight gold medals, nine silver medals, and seven bronze medals overall. Most notable was the high-profile Women’s Football Final between Sweden and Canada, where Canada won gold for the first time ever.”
Dr Shiffman said the 24 podium placements in Tokyo followed “a championship year” for Catapult athletes on other major competition stages. “From Wimbledon to Copa America to making NBA history in Milwaukee. The athletes using Catapult data and insights to unleash their potential are dominating competition around the world.”
For the year to 30 June 2021 the company reported a growth in annualised contract value of 16.5 percent. ACV growth in EMEA and APAC was 57 percent and 34 percent, respectively. Subscription revenue constituted 79 percent of total revenue, up from 71 percent in FY20, “reflecting the strategic focus on high-quality SaaS revenue over one-time capital sales.”
Subscription revenue rose 3.3 percent to $53.4m. However EBITDA was down 37.2 percent to $6.5m.
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