The Archtis Ltd (ASX: AR9) share price is sliding after the company released its results for financial year 2021 (FY21) this morning.

Right now, the Archtis share price is 33.5 cents, 2.9% lower than its previous close.

Archtis share price slumps despite 743% revenue increase

Here’s how the cyber security provider performed through FY21:

• $4.6 million of revenue, 743% more than that of FY20
• Loss before tax of $3.3 million
• Earnings before interest, tax, depreciation, and amortisation (EBITDA) came to a loss of $1.5 million, still a 44% improvement on that of FY20
• $3.1 million of profit, a 1,159% increase
• No dividends

The company’s annual recurring revenue over FY21 was $1.9 million, 681% more than in FY20.

It also received cash receipts worth $7.4 million, 846% more than it did in the previous period.

Archtis ended the period with $12.7 million in cash.

What happened in FY21 for Archtis?

Here’s what drove the Archtis share price in FY21:

Archtis announced its plans to acquire and merge with Nucleus Cyber in October. The merger took place in December.

The merger expanded Archtis’ footprint in North America, Europe, the Middle East and Africa.

It also produced cross-selling opportunities with Nucleus Cyber’s existing product offering within the Microsoft Corporation‘s (NASDAQ: MSFT) software suite.

Archtis also secured its largest deal ever in FY21. That was was with the Australian Department of Defence and is worth $4.2 million.

Then, in the fourth quarter, the Department of Defence bought two multi-year contracts worth a total of approximately $1.4 million for the licensing of NC Protect. The defence department will use Archtis’ software to secure information collaboration across the Microsoft suite.

What did management say?

Archtis’ chair Dr Miles Jakeman commented on the results driving the company’s share price today, saying:

Financial Year 2021 (FY21) will go down as a bittersweet period for the company as we entered into new global market opportunities. Amongst the personal loss and economic challenges experienced by hundreds of millions of people across the globe, Archtis is pleased to deliver a transformational and record-breaking financial year.

Archtis’ financial performances this year was substantially higher in every single reporting metric…

Remote work has brought new challenges to collaboration and has exposed a broader need around security; particularly associated with breaches and loss of sensitive information originating from employees and contractors (insider threats). Nation-states, corporate espionage and human error have exponentially added to the challenges global organisations are facing in securing their data. The old security model is broken and archTIS is leading the way toward new and innovative methodologies that make collaboration more secure, easier to use, simple to deploy and scalable.

What’s next for Archtis?

Investors focused on the Archtis share price in FY22 should keep an eye out for these developments:

The company is planning to continue driving towards triple-digit growth in annual reoccurring revenue in FY22.

It’s also going to focus on creating superior products and capture a larger global market share. It will be looking out for acquisition opportunities to expand its product offerings.

Archtis will continue working on pipeline opportunities with Microsoft, Thales, Raytheon, and other partners.

Finally, the company has pointed to MarketsandMarkets research that shows the global data-centric security market’s size will increase from US$3,460 million in 2020 to US$9,763 million by 2026.

It’s safe to assume Archtis is hoping to get a slice of that exceptional growth.

Archtis share price snapshot

Despite today’s fall, the Archtis share price has gained 8% year to date. However, it has dropped 31% since this time last year.

The post Archtis (ASX:AR9) share price slips on $3.3 million loss appeared first on The Motley Fool Australia.

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• The Archtis (ASX:AR9) share price slides on quarterly update

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

Teresa Kersten, an employee of LinkedIn, a Microsoft subsidiary, is a member of The Motley Fool’s board of directors. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and has recommended Microsoft. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Kuniko Ltd (ASX: KNI) share price has been an exceptionally strong performer on Thursday.

In afternoon trade, the battery metals explorer’s shares are up 96% to a record high of $1.50.

This means the Kuniko share price is now up a staggering 650% since spinning out of Vulcan Energy Resources Ltd (ASX: VUL) earlier this week.

Why is the Kuniko share price rocketing higher?

Investors have been bidding the Kuniko share price higher today following the release of an update on its exploration activities in Norway.

According to the release, geochemical sampling programs are now underway, kicking off a significant schedule of activity across its projects in Norway.

The company notes that it is exploring a suite of historical producing battery metals projects, with minimal previous modern exploration.

For example, the Skuterud Mine produced over one million tonnes of cobalt from 1773- 1898, and at the time was both the world’s largest cobalt producer and the largest company in Norway.

In addition, the company’s Vangrøfta licence hosts the historical Fredrick IV mine, from which 30 years of small-scale production occurred up until 1908. Positively, more recent rock chip samples reported rock chip results up to 16.75% copper, 3.33 g/t gold, and 0.216% cobalt from historical mine workings and dumps at the project.

New data to augment existing data sets, and to be integrated with upcoming airborne geophysical programs, is scheduled for September. The same month the first new assay data is expected to be released.

Management commentary

Kuniko’s Chairman, Gavin Rezos, commented: “Kuniko has been positioned to meet the high demand for a sustainable supply of ethically mined battery metals sourced from within the European Economic Area (EEA) in response to the EV revolution.”

“Norway, which has a long history of mining and is a world leader in renewable energy production, is now looking to reinvest in its mineral deposits as it transitions away from North Sea fossil fuels production to help the EEA meet this demand.”

“Kuniko aims to extend historical battery metals resources on our project sites by applying modern exploration and processing methods, whilst applying the same ESG culture to our projects to demonstrate a zero-carbon footprint that we have learnt from Vulcan, who importantly has retained a 25.85% stake in the company,” he added.

The Kuniko share price began trading on the ASX at 20 cents on Tuesday.

The post Why the Kuniko (ASX:KNI) share price is rocketing 96% higher today appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Atlas Arteria Ltd (ASX: ALX) share price has stepped into the green on Thursday as the toll-road developer reported its FY21 half-year results.

Atlas shares are currently changing hands at $6.38 apiece, a 1.83% jump on the day.

Let’s investigate further.

Atlas Arteria share price climbs on strong profit and recovery in road traffic volumes

• Weighted average traffic in the first half was 17.5% above the same time last year
• Statutory next profit after tax (NPAT) of $71 million, from a loss of $123 million a year ago
• Excluding “notable items”, NPAT grew by 845% year on year to $86 million from $9.1 million
• More than $250 million in capital expenditure “delivered across all businesses” in 1H 2021
• First half distribution guidance of 15.5 cents per security.

What happened in FY21 for Atlas Arteria?

In a positive for the Atlas Arteria share price, the company recognised a recovery in weighted average traffic volumes towards pre-pandemic levels. It recorded an approximate 18% year on year increase in traffic volumes, however, this was still about 20% below 2019 levels.

The company’s APRR business grew its traffic numbers by 19% year on year, resulting in an 18.6% increase in toll revenue to $1.68 billion. This carried through to an EBITDA of $1.3 billion, which is a 23% growth on the year prior.

For its Warnow Tunnel toll road, traffic decreased almost 9% this half, which also reduced toll revenue by 7% to $8.5 million. Atlas explained that Warnow was “more significantly impacted by COVID-19” than any other site in 2020, due to a resurgence in cases there.

Furthermore, at its Dulles Greenway asset, toll revenue gained 1.8% to $34.6 million and EBITDA grew by 2% for this business also. Compared to the first half in 2019, “traffic was down 41.2%, toll revenue was down by 39.8% and EBITDA was 45.3% down”.

At the end of the first half, the Dulles Greenway business had US$196.9 million in cash reserves on its balance sheet.

As a result, the company grew its overall NPAT to $86 million, an 844% growth from the year prior, although a 2.4% decrease from 2019.

Finally, there is another point that could weigh in on the Atlas Arteria share price. The company declared first-half “distribution guidance” of 15.5 cents per security, reflecting “underlying performance” of its businesses.

What did management say?

Speaking on the results, Atlas Arteria CEO Graeme Bevans said:

Our roads provide critical infrastructure that connect communities. Our European businesses have benefitted from the COVID-safe operation of French industry and growing European trade. We are well positioned to take advantage of increasing travel in response to improving vaccination levels and the new EU health pass encouraging safe mobility through the region.

Regarding the company’s financial position, Bevans added:

Our balance sheets are very well positioned. At the corporate level we currently have no debt, ample liquidity, strong cash flows from APRR and Warnow Tunnel and remain well placed to pursue growth opportunities as they arise.

What’s next for Atlas Arteria?

Management did not provide explicit guidance in terms of figures in its report, however, it did explain that European summer traffic “has been averaging more than 5% above 2020 and 2019 levels”.

In regards to the second half of 2021, the company is “well-positioned to benefit from increased travel” as COVID-19 restrictions ease in Europe.

Other than this, Atlas seems focused on driving ESG and other sustainability initiatives throughout the coming periods.

The Atlas Arteria share price has posted a loss of 1.46% since January 1. This result had lagged the S&P/ASX 200 Index (ASX: XJO)’s return of around 14% this year to date.

The post Atlas Arteria (ASX:ALX) share price jumps after net profit soars 800% appeared first on The Motley Fool Australia.

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The author Zach Bristow has no positions in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Ramelius Resources Limited (ASX: RMS) share price has edged lower on Thursday despite reporting record revenue, earnings and dividend numbers in its latest full-year results.

At the time of writing, the Ramelius share price is trading flat at $1.537 after spending most of the day in the red.

Ramelius share price edges lower despite smashing records

Some of the key takeaways from the gold miner’s financial year 2021 (FY21) results include:

• Revenue up 38% on the prior corresponding period (pcp) to A$634.3 million
• Earnings before interest, tax, depreciation and amortisation (EBITDA) up 33% on pcp to A$341.0 million
• Net profit after tax up 12% on pcp to A$126.8 million
• Final dividend of 2.5 cents per share (FY20: 2.0 cents per share)

Despite record numbers for each of these metrics, the Ramelius share price has failed to fire up on Thursday afternoon.

What happened in FY21 for Ramelius?

Ramelius reported a 22% increase in gold sold to 277,450 ounces at an average realised price of A$2,282 per ounce.

The group’s all-in sustaining cost (AISC) jumped 13% from FY20 to A$1,317 per ounce. Ramelius’ AISC margin was steady on FY20 figures at 42%.

Earnings per share fell 5% lower in FY21 due to a higher number of shares on issue in FY21. Higher gold prices helped offset increased production costs at the Mt Magnet site and boosted EBITDA numbers higher.

What did management say?

Ramelius managing director Mark Zeptner was positive about today’s results:

Once again Ramelius has posted a fantastic result for the year with record gold production and a record net profit after tax which further builds upon last year’s results. This is a testament to the growth strategy pursued by the company and the continual focus on delivering on our plans.

FY22 is shaping up to be another record year, based on the mid-point of our production guidance, and with the introduction of ore from the Tampia Gold Mine and development of the very high grade Penny underground, the next few years are looking very solid.

What’s next for Ramelius and its share price?

Ramelius is targeting FY22 guidance of 260,000 to 300,000 ounces of gold at an AISC of A$1,425 to A$1,525 per ounce.

The Ramelius share price is down 13.7% in 2021 and underperforming the S&P/ASX 300 Index (ASX: XKO) this year.

The post Ramelius (ASX:RMS) share price slips despite record earnings appeared first on The Motley Fool Australia.

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Motley Fool contributor Ken Hall has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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