Skyfii wants to become world leader in global data intelligence
- Skyfii enhances board with two new appointments
- Skyfii exits FY21 in strong position and seeks to deliver uplift in FY22 revenues and beyond
- Skyfii recent Q3 revenue numbers show the company on track for continued growth.
Quick facts: Skyfii Ltd
Price: 0.1 AUD
Market Cap: $40.1 m
About the company
Skyfii Ltd (ASX:SKF) is an Australian software technology company providing analytics and data driven marketing products.
Skyfii collects and analyses billions of data points each month from a range of venue types across five continents.
The company's SaaS cloud-based solution, the IO Platform, helps venues visualize, measure, predict, and influence customer behaviour, creating better experiences for their visitors and customers.
How it is doing
Kirsty Rankin’s knowledge in the digital marketing sector and global experience including the US markets provides a unique skill set as Skyfii continues to expand in offshore markets.
John Rankin, who is no relation to Kirsty Rankin, has been chief operating officer of Skyfii since 2016 and has more than 17 years of experience in technology, media, advertising and the property industry, 12 of which were spent in senior and executive leadership positions.
Skyfii chairman Andrew Johnson said “We are delighted to welcome Kirsty and John to the board of Skyfii.
The ASX-listed omnidata intelligence company first announced the acquisition in early April as it set out to raise A$10 million in a placement. The company offered A$1 million as an upfront cash consideration to finalise the buy.
Skyfii Ltd (ASX:SKF) will deploy its software-as-a-service (SaaS) recurring revenue IO Platform to the City of Fairborn and University of Dayton in the US state of Ohio on a five-year initial contract.
The contract is being delivered in partnership with North American Skyfii reseller Cincinnati Bell, an integrated communications solutions provider.
Insight: Skyfii exits FY21 in strong position and seeks to deliver uplift in FY22...
Skyfii Ltd (ASX:SKF, OTC:SFIIF) ended the 2021 financial year in an exceptionally strong position, with a 58% hike in recurring revenues in the fourth quarter and a 72% spike in total operating revenues from the previous corresponding quarter.
The ASX-listed omnidata intelligence company is in a strong position to push forward with its plans to deliver another year of double-digit recurring revenue growth in the 2022 financial year.
What management says
Skyfii Limited (ASX: SKF) Managing Director Wayne Arthur joined Steve Darling from Proactive to provide some insight into the Australian software technology company providing analytics and data driven marketing products. Those products include 10 data intelligence platforms.
Arthur talks about how that data is collected and which industries are key for the company. He also shared with Proactive their recent Q3 financial numbers that showed strong growth.
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