Yesterday, we previewed a trio of S&P/ASX 200 Index (ASX: XJO) shares going ex-dividend today. 

But there are three more ASX 200 shares trading for the first time without their respective FY22 final dividend entitlements. Let’s check them out.

Domino’s Pizza Enterprises Ltd (ASX: DMP)

Domino’s shares are trading without a partially franked final dividend today.

The ASX 200 fast food company handed in its FY22 results last week, cutting its final dividend by 20% to 68.1 cents, 70% franked.

The payment date for this dividend has been pencilled in for 15 September.

At the time of writing, the Domino’s share price has tumbled by 2.6% or $1.66, a greater fall than the final dividend.

Across the financial year, Domino’s declared total dividends of $1.565. This put Domino’s shares on a trailing dividend yield of 2.4% when the market closed yesterday.

Netwealth Group Ltd (ASX: NWL)

Netwealth is another ASX 200 share going ex-dividend today. 

Surprisingly, the Netwealth share price is bucking the trend. While shares typically drop when they turn ex-dividend, the Netwealth share price is currently climbing 1.7%.

The wealth management business recently reported its FY22 results, slightly lifting its final dividend to 10 cents, fully franked.

Investors who owned Netwealth shares by the closing bell yesterday should see this payment come through on 29 September.

Netwealth declared total dividends of 20 cents across FY22, putting shares on a trailing dividend yield of 1.6% as of yesterday’s close. With the benefit of franking credits, this dividend yield bumps up 2.3%.

Downer EDI Limited (ASX: DOW) 

Finally, shares in integrated services company Downer are trading today without an unfranked final dividend of 12 cents.

At the time of writing, the Downer share price has dropped by 2.1% or 11 cents.

Despite FY22 profit taking a backwards step, the company held its final dividend steady. The payment date for this dividend has been marked down for 28 September.

Downer’s total FY22 dividend payments come to 24 cents, in line with the prior year. This spun up a trailing dividend yield of 4.7% when the market closed yesterday.

The post Here are 3 ASX 200 shares trading ex-dividend today appeared first on The Motley Fool Australia.

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More reading

• Brokers name 3 ASX shares to buy today
• Domino’s share price sinks 7%, giving back most of Wednesday’s gains
• These three ASX 200 shares rocketed higher on earnings updates today
• Here are the top 10 ASX 200 shares today
• Everything you need to know about the latest Domino’s dividend

Motley Fool contributor Cathryn Goh has positions in Netwealth. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Netwealth. The Motley Fool Australia has positions in and has recommended Netwealth. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The JB Hi-Fi Limited (ASX: JBH) share price is heading north on Tuesday.

This comes despite the specialty retailer announcing that its CEO has dumped a substantial amount of his shares.

At the time of writing, JB Hi-Fi shares are swapping hands at $41.36 apiece, up 2.1%.

JB Hi-Fi CEO offloads his holdings

Investors are shrugging off the company’s latest news, sending the JB Hi-Fi share price into positive territory.

According to the release, JB Hi-Fi CEO Terry Smart sold $1.46 million worth of his shares through an on-market trade.

In total, 35,000 JB Hi-Fi shares were disposed of on 29 August.

When calculating the amount received along with the number of shares offloaded, the average selling price is $41.67 per share.

Interestingly, JB Hi-Fi chief financial officer (CFO) Nick Wells also sold off a significant parcel of his shares.

Wells disposed of 32,549 shares and collected $1.36 million from the sale.

Unfortunately, no reason was given as to why both the CEO and CFO reduced their holdings.

Currently, Smart has 8,925 JB Hi-Fi shares in his own name along with 119,723 shares held in a couple of trusts.

On the other hand, Wells has 44,493 indirect JB Hi-Fi shares under his holdings.

A catalyst for JB Hi-Fi shares remaining afloat today despite the sell-down could be some recent broker notes.

According to ANZ Share Investing, the team at Citi raised its price target by 6.4% to $50.00 for JB Hi-Fi shares. Based on the current share price, this implies an upside of roughly 21%.

Furthermore, UBS also bumped up its price target by 4.8% to $44.00 per share.

JB Hi-Fi share price summary

Over the past 12 months, the JB Hi-Fi share price has posted a loss of 10%.

Extreme volatility in June impacted the company’s shares which led it to touch a 52-week low of $36.69 per share.

JB Hi-Fi commands a market capitalisation of approximately $4.43 billion, with 109.33 million shares on issue.

The post Guess which ASX 200 CEO has sold $1.5m worth of shares in his company in the past week appeared first on The Motley Fool Australia.

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More reading

• Why is the JB Hi-Fi share price slumping today?
• 3 ASX 200 shares going ex-dividend tomorrow
• Why are ASX 200 retail shares having such a stellar run today?
• 2 surprisingly ‘robust’ ASX shares to buy in current climate: expert
• JB Hi-Fi share price dips as full-year dividend jumps 43%

Motley Fool contributor Aaron Teboneras 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 Scott Phillips.

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This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

What was once just a market of one is now flooded with other options for cryptocurrency investors. The arrival of meme coins that seem to create millionaires overnight makes it easy to believe that cryptocurrency investments are meant only for the short term. But despite a crowded field, there is one cryptocurrency investors should count on never selling — Ethereum (CRYPTO: ETH). 

Like Bitcoin (CRYPTO: BTC), Ethereum is a cryptocurrency that changed our thinking about finance in the digital age, but for different reasons. Ethereum is unique from Bitcoin in myriad ways. But one, in particular, is responsible for what is possibly the greatest innovation to result from blockchain and cryptocurrency technologies — decentralized finance, better known as DeFi.

The new age of finance

The traditional financial world relies on centralized authorities like banks, notaries, brokers, exchanges, and other middlemen who manage and process financial services. Traditional financial processes, such as applying for a loan or purchasing a stock, require some sort of intermediary to conduct the transaction. 

But because of Ethereum and its innovative smart-contract technology, these traditional financial processes are becoming increasingly obsolete. Smart contracts are the backbone of DeFi and are what make Ethereum so unique. Before its creation in 2014, no other cryptocurrency had smart-contract capabilities. The creation of smart contracts allows blockchain developers to customize conditions and criteria for executing particular actions. 

For example, smart contracts could oversee loan agreements and release collateral upon full repayment. Since smart contracts can integrate with other data, they could also regulate agricultural drought insurance policies by automatically paying out if agreed amounts of rainfall occur. 

In addition to their seemingly infinite customization and potential, smart contracts and DeFi could completely upend what we believe traditional institutions’ roles are in the financial world. 

One of the most appealing aspects of DeFi is its inclusivity. If you want to utilize a DeFi financial product, all you need is an internet connection. There are no credit bureaus, no brokers, and no loan officers. As long as a crypto wallet is set up, users can trade and move assets anytime and anywhere. 

In addition, all transactions are in real-time and completely transparent. There is no need for banks or brokers to process transactions since they occur near instantaneously on the blockchain. The other perk of the blockchain is that once a transaction is added, anyone with an internet connection can view activity on the network. It doesn’t hurt that just about any possibility of tampering or malfeasance is eliminated due to the blockchain’s high level of security.

Arguably, the greatest benefit of DeFi is that it is constantly evolving. Applications and projects built on Ethereum are all open-source. That means developers can integrate multiple DeFi apps to create financial products to meet new user demands as they arise. 

The first-mover advantage

Since Ethereum was the first blockchain to possess smart-contract functionality, it holds most of the market share that makes up the DeFi sector. Despite new competitors like Tron (CRYPTO: TRX), Binance Coin (CRYPTO: BNB), and Avalanche (CRYPTO: AVAX) arriving to grab some of the market, they face an uphill battle because Ethereum’s grasp on the DeFi economy is unbelievably disproportionate.

We can look at a statistic called Total Value Locked (TVL) to compare the collective value of a blockchain’s DeFi ecosystem. Think of it like the market cap of a company. 

Out of the $62.5 billion invested across DeFi as of this writing, nearly $36 billion is on Ethereum’s blockchain. The next-closest competitor is Tron, and this blockchain only supports about $9 billion of value. It’s not even close. 

The potential long-term value DeFi presents should be heavily weighed by investors, especially considering it’s only in its infancy. Those who are optimistic that DeFi can usurp traditional finance should count on Ethereum continuing to dominate for the foreseeable future. 

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

The post 1 cryptocurrency to buy and hold forever appeared first on The Motley Fool Australia.

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• Here’s why the Bitcoin price just dipped back below US$20,000

RJ Fulton has positions in Bitcoin and Ethereum. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Avalanche, Bitcoin, and Ethereum. 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 Scott Phillips.

This article was originally published on Fool.com. All figures quoted in US dollars unless otherwise stated.

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The Openpay Group Ltd (ASX: OPY) share price is on the move today as investors digest the buy now, pay later (BNPL) company’s FY22 results.

The Openpay share price raced out of the gates this morning, soaring 13.9% when the market opened.

But the ASX BNPL share has since run out of steam, printing a 2.8% gain at the time of writing.

Openpay share price rises on mixed full-year results 

Here are some of the key numbers from Openpay’s Australia and New Zealand (ANZ) operations in FY22:

• Record total transaction value (TTV) of $344 million, up 49% year on year (YOY)
• Revenue of $26.3 million, up 30% from $18.8 million in the prior year
• Active merchants of 4,100, up 9% YOY from 3,700
• Active customers of 321,000, up 35% YOY from 265,000
• 65% of active customers had multiple plans, up from 57% in the prior year 
• Active plans of 1.8 million, up 50% YOY from 1.2 million

Turning to unit economics, the company’s revenue margin continued its backwards trend, albeit at a decelerating rate, falling from 8.2% in FY21 to 7.7% in FY22. 

Openpay’s revenue margin is its revenue as a percentage of TTV. In other words, it represents how successfully the company can convert the transaction value that flows through its platform into revenue. 

For comparison, competitor Zip Co Ltd (ASX: ZIP) recently reported a revenue margin of 7.1% in FY22.

Despite the fall in revenue margin, Openpay managed to keep its net transaction margin stable at 2.9% as cost of sales grew at a slower rate than operating income.

Meanwhile, the company’s net bad debts marginally reduced to 1.6% of TTV.

On the bottom line, Openpay’s net loss ballooned from $63.1 million in FY21 to $82.5 million.

What else happened in FY22?

In January, Openpay announced a significant reduction in its UK operations. At the time, the company said it was instead turning its focus to ramping up its US presence and accelerating towards profitability in ANZ. Investors cheered this decision, sending the Openpay share price soaring.

In May, Openpay tapped the market for more capital, completing an $18.25 million placement.

Then, in July, the company announced it was pausing its existing US operations indefinitely and ceasing loan originations on its US platform.

Openpay had been on the hunt for potential investors in the US to provide the capital required to scale its early-stage US operations.

In the end, the company said the current macroeconomic and public market conditions led to a change in strategy.

Openpay will continue to look for commercialisation opportunities for both its UK and US platforms. But at this stage, it will not be using them for loan originations.

As a result, the company has simplified its operations, freeing up capital to support an even greater focus on its core ANZ market.

Across the year, Openpay reported a daunting $81.2 million in net operating cash outflows. This is far greater than the company’s cash balance of $10.3 million at the end of FY22. But it will receive a $17.5 million boost when the proceeds from its capital raising come through.

But in a sign of possible greener pastures, the company expects its simplified business will generate positive net operating cash flow by June 2023.

What did management say?

Commenting on the results, Openpay CEO Dion Appel said:

During and shortly after FY22, Openpay rapidly responded to changes in the equity market and macroeconomic environment and simplified its business model.

These decisions enabled laser beam focus on Australia, our most mature market, and the one closest to delivering cash profitability.

​​The simplification strategy has resulted in a leaner and more efficient business where cost synergies will continue to flow into 2023, alongside the momentum of stronger performance, industry leading margins and unit economics and improved bad debts and arrears.

What’s next?

Management refrained from issuing forward guidance and didn’t provide much commentary about the year ahead.

The outlook slide in today’s investor presentation simply stated it is committed to delivering cash EBITDA profitability in ANZ by June 2023.

This will be driven by TTV growth across the company’s key verticals, an enhancement in its product suite to support unit economics, and its simplified business structure.

Openpay share price snapshot

Despite making a resurging comeback in July, the Openpay share price has been battered and bruised this year.

The Openpay share price has nearly been cut in half over the last six months. And it’s suffered a steep 75% fall since the beginning of the year.

As a result, Openpay’s market capitalisation has shrunk to $43 million.

The post Openpay share price bounces despite losses amplifying in FY22 appeared first on The Motley Fool Australia.

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• The Openpay share price has cratered 40% in 3 days. What’s going on?

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended ZIPCOLTD FPO. 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 Scott Phillips.

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The Sandfire Resources Ltd (ASX: SFR) share price is plummeting on Tuesday after the S&P/ASX 200 Index (ASX: XJO) copper giant posted its full-year earnings.

As The Motley Fool Australia reported earlier today, the company posted a record $922.7 million of sales revenue but dumped its final dividend. It will focus on repaying debt and pushing forward with its growth strategy instead of providing the payout.

The Sandfire Resources share price opened 2.5% lower at $2.60 and has continued to slide, hitting a low of $4.30, representing an 8.9% tumble.

It has since recovered slightly to trade at $4.45, 5.7% lower than its previous close.

Let’s take a closer look at what’s weighing on the copper producer’s stock today.

Sandfire Resources share price tumbles 6% on Tuesday

The Sandfire Resources share price is plunging today despite what appears to have been a successful financial year.

Indeed, the company posted its first earnings from the Minas De Aguas Tenidas (MATSA) business. It acquired MATSA for US$1.86 billion in February. At the time, the purchase was described by Sandfire CEO Karl Simich as transformative.

The acquisition was finalised just months before the DeGrussa Copper Operation retires. It’s expected to close its doors in October.

On top of its earnings, the company released news of the Motheo Copper Project, located in Botswana.

A positive definitive feasibility study has been completed for the project’s expansion. That’s expected to up its annual production to 5.2 million tonnes and will likely cost US$397 million.

The combined total ore reserve for the project’s A4 and T3 deposits now sits at:

• 49.6 million tonnes at 1% copper and 14 grams per tonne of gold for 474,000 tonnes of contained copper and 122.3 million ounces of contained silver

Today’s tumble included, the Sandfire Resources share price is 34% lower than it was at the start of 2022. It has also fallen 27% since this time last year.

The post Sandfire Resources share price tumbles 6% following full-year earnings appeared first on The Motley Fool Australia.

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More reading

• Sandfire Resources share price in focus as dividend ditched
• How are ASX copper shares performing after Monday’s surge?
• Here are the top 10 ASX 200 shares today
• ASX copper shares explode by up to 34% following BHP takeover bid
• Why is the Sandfire share price leaping 7% on Monday?

Motley Fool contributor Brooke Cooper 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 Scott Phillips.

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Woodside Energy Group Ltd (ASX: WDS) has declared a massive dividend in today’s half-year results.

Woodside shares are currently up 1.7% to trade at $35.95. Earlier, the share price hit a new two-year high of $36.68. For perspective, the S&P/ASX 200 Index (ASX: XJO) is up 0.5% so far today.

So how does this latest dividend compare to previous years, and when will it be paid?

Woodside dividend the highest since 2014

Woodside announced today it will pay a fully franked dividend of 109 US cents per share for the first half of 2022.

This is more than triple the dividend paid to shareholders for the first half of 2021. Last year, Woodside shareholders received an interim dividend of 30 US cents per share.

Today’s dividend reflects the strong operational performance, higher realised prices, and merger with the petroleum business of BHP Group Ltd (ASX: BHP), the company said.

Woodside reported a 414% surge in underlying net profit after tax (NPAT) to US$1.82 billion. The oil and gas company produced 54.9 million barrels of oil equivalent (boe), 19% higher than the prior corresponding half.

Today’s declared dividend is at the top end of Woodside’s targeted payout ratio of between 50% and 80%.

The dividend is valued at US$2.1 billion. Breaking this down, US$1.5 billion, or 76 US cents per share, reflects 80% of Woodside’s underlying NPAT. The other 33 US cents per share, totalling $600 million, represents 80% of the BHP merger completion payment.

In 2020, Woodside paid a 26 US cents per share dividend in the first half, while in 2019 this figure was 36 US cents per share. Today’s interim dividend is the highest interim payment declared since 2014.

Woodside will pay the interim dividend on 6 October. Woodside shares will trade ex-dividend on 8 September.

Share price snapshot

The Woodside share price has soared 79% in the past 12 months and 59% in the year to date.

For perspective, the ASX 200 has shed 7.7% in the past year.

Woodside has a market capitalisation of $67.12 billion based on the current share price.

The post Woodside dividend tripled: Here’s everything you need to know appeared first on The Motley Fool Australia.

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More reading

• What’s the outlook for the oil price in September?
• Woodside share price lifts on 400% profit surge
• Woodside share price slumps ahead of tomorrow’s earnings update
• How does the BHP dividend stack up against the latest Fortescue payment?
• 5 things to watch on the ASX 200 on Monday

Motley Fool contributor Monica O’Shea has no positions in Woodside Energy Group Ltd. 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 Scott Phillips.

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One of the biggest trends on the S&P/ASX 200 Index (ASX: XJO) over 2022 thus far has been the oil price and the rise of ASX oil shares. The ASX 200 has had an exceptionally volatile and weak performance over the year to date.

As it stands today, the ASX 200 has recorded a loss of almost 8% over 2022. But in stark contrast, the S&P/ASX 200 Energy Index (ASX: XEJ) has delivered a massive 38% gain over the same period.

We see this trend reflected in the share prices of ASX 200 energy shares too.

Take the Woodside Energy Group Ltd (ASX: WDS) share price. It’s up almost 60% over 2022 thus far, helped by its well-received earnings this morning. Santos Ltd (ASX: STO) shares have risen by 21%, while Beach Energy Ltd (ASX: BPT) shares are up 34%.

ASX oil shares have jumped on a rocket in 2022

These gains are almost certainly a byproduct of the stellar run that oil prices have enjoyed over the year. Thanks to a number of factors, including the war in Ukraine, global inflation, higher economic demand and supply chain issues, oil has skyrocketed this year.

According to Bloomberg, West Texas Intermediate (WTI) crude oil was going for around US$76 a barrel at the start of the year. But this rapidly rocketed to more than US$120 a barrel by March as the war in Ukraine began.

As it stands today, oil has cooled off, but is still going for US$96.70 a barrel today. That’s worth a 27% rise from where it was at the start of the year.

But now that we are on the cusp of September and spring, what might be next for oil prices?

Well, it is extremely hard to predict what might happen with oil. But we can look at the factors that typically influence oil prices.

What’s next for the oil price?

The first is supply and demand. Oil functions in a global market, but nothing impacts the price of oil more than supply and demand. After all, the massive spike we saw in WTI crude back in March was sparked by a supply squeeze as global markets attempted to lock out Russian oil in the wake of the war.

The largest oil-producing countries, such as Saudi Arabia, have a powerful ability to increase or decrease their production of the black liquid. So if one of these countries decides to change its production output, it could have a big impact on the oil price.

But we must also consider economic demand, another massive influencer of the global oil price. Indeed, the falls that we have seen in oil in recent months are put down to the increased risk of a global recession that many commentators are seeing this year.

Oil is a key economic input into almost every form of economic activity. A booming economy means more trucks on the road, more transportation of goods and services and higher use of resources. But the opposite is also true.

If there were to be a global recession, or pullback in economic growth, oil demand would almost certainly fall, resulting in a fall in the oil price.

So there could be a great many numbers of things that could affect the oil price this September. And by extension, the fortunes of ASX oil shares. But, as with most things in the investing world, we shall just have to wait and see what happens.

The post What’s the outlook for the oil price in September? appeared first on The Motley Fool Australia.

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More reading

• Woodside dividend tripled: Here’s everything you need to know
• What’s boosting the Santos share price on Tuesday?
• Woodside share price lifts on 400% profit surge
• 5 things to watch on the ASX 200 on Tuesday
• What’s going on with the Santos share price today?

Motley Fool contributor Sebastian Bowen 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 Scott Phillips.

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The Omni Bridgeway Limited (ASX: OBL) share price is surging on Tuesday after the release of the company’s FY22 results.

At the time of writing, shares in the litigation financier are trading 11.44% higher at $4.58 apiece.

Let’s take a closer look.

Omni Bridgeway sees annual commitments

Key takeouts from the ASX 300 share’s results include:

• Record annual commitments of $463.3 million, a gain of 12% year on year
• Funds under management approaching $3 billion
• Growth in estimated portfolio value (EPV) of 35% year on year to $27.2 billion
• Implied embedded value (IEV) increased for the 12 months by 28% to $3.6 billion
• Net profit after tax (NPAT) of $6.5 million, up from an $18 million loss the year prior
• Participated for the first time in the emerging secondary market for litigation assets
• Launched global enforcement business and antitrust team in the US
• Finished the year with $314.1 million in cash and receivables

What else happened for this ASX 300 share?

It was a profitable 12 months for the company. It achieved a record level of investment commitments which expanded the group’s portfolio of investments across the globe.

Omni also generated $221 million in gross income and revenue during the year. This stemmed from a variety of sources, it says, including “66 completions, 23 partial completions and two partial sales”.

These were spread across various classes of litigation, investment funding structures, and locations.

Meanwhile, the company recognised a net profit after tax of $6.5 million, a substantial gain from FY21’s loss of $18.4 million.

It also entered into a new five-year institutional debt facility on 5 May 2022 providing $250 million in liquidity to replace existing debt.

Management commentary

Speaking on the results, managing director and CEO Andrew Saker said:

The group continued to execute on the critical pillars of its five-year business plan including through the refinancing its debt, the launch of a new enforcement focused fund, substantial growth in commitments and the expansion of its product offerings.

The impact from the delayed hearing of legal cases due to COVID is well behind us and these results demonstrate that our fund management model is delivering.

What’s next for Omni Bridgeway?

The company has a $550 million to $600 million commitment target, signifying a 20-30% year-on-year increase.

The ASX 300 share hopes to increase funds under management to between $4 billion and $4.5 billion, and will potentially launch additional funds to accelerate this number.

The Omni Bridgeway share price is up almost 24% year to date.

The post Guess which ASX 300 share is soaring 11% on a ‘significant improvement’ in FY22 appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow 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 Scott Phillips.

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Shares of BlueBet Holdings Ltd (ASX: BBT) have slipped into the red today following the release of its FY22 results.

At the time of writing, BlueBet is trading more than 7.5% into the red at 43 cents apiece.

BlueBet shares dip as profit slumps in FY22

Key takeaways from the company’s results include:

• Turnover of $511 million, up 48.5% from FY21’s result
• Wagering revenue of $54.6 million, a gain of more than 53% from the year prior
• Gross profit growth of nearly 48% for the 12 months
• EBITDA loss of $5.5 million, down from a $4.7 million profit a year earlier
• Net loss after tax of $6.1 million, down from $3 million profit in FY21
• Net cash from operations down 84.7% year on year to $1.5 million

What else happened for BlueBet in FY22

After listing in July 2021, BlueBet saw strong results that outpaced forecast in its prospectus.

It maintained an “attractive 2.7x ratio of annual customer value to the cost of a first time depositor” by year’s end as well.

The company saw its net win margin grow by 10.7% year on year, and secured market access in 4 US states.

Furthermore, 3 additional platforms were launched in the Australian business to assist with the company’s US technology operations.

Despite incurring a loss after tax of $6.1 million, BlueBet notes that “[initial public offering] IPO proceeds largely intact due to cash generation from Australian business”.

Management commentary

Speaking on the announcement, BlueBet CEO, Bill Richmond said:

I am very proud of the progress we have made in our first year as a listed company, having achieved a number of major strategic milestones, including touching down in the US, developing a leading technology platform and continuing to grow our market share in Australia.

Our IPO provided us with the financial firepower to invest for growth. With our US B2C brand ClutchBet now live in the US, having taken our first bets in Iowa in this month, we are committed to executing the first stage of our differentiated ‘Capital Lite’ US strategy. The strength of our technology and our team is now on display as we move towards our B2B Sportsbook-as-a-Solution model in FY23.

BlueBet share price snapshot

In the past 12 months, the BlueBet share price is down nearly 83% as well as 70% this year to date. It trades in the red across all time frames.

The post BlueBet shares slide 7% despite solid revenue, margin growth in FY22 appeared first on The Motley Fool Australia.

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Motley Fool contributor Zach Bristow 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 recommended BlueBet Holdings Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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The Bigtincan Holdings Ltd (ASX: BTH) share price is finding some momentum today.

Heading into lunch, shares in the sales enablement software provider are 3.7% in the green. The positive move puts the company’s share price at 70 cents. Meanwhile, the tech sector is experiencing a more subdued performance on Tuesday, with the S&P/ASX All Technology Index (ASX: XTX) up 0.91%.

This pleasing showing from Bigtincan follows the release of the company’s full-year FY22 results. Here are the highlights:

Big growth bolsters Bigtincan share price

• Annualised recurring revenue (ARR) up 126% year on year to $120.1 million
• Revenue up 143% to $108.6 million
• Gross margins improved by 3% to 88%
• Adjusted EBITDA of $4.1 million, up from $6.1 million loss
• Lifetime value (LTV) up 107% to $812 million
• LTV over customer acquisition cost (CAC) improved 13% to 4.0
• Cash at the bank of $38.9 million as at 30 June 2022

What else happened in FY22?

For a company still focused on scaling up, the full-year result for Bigtincan ticks a lot of boxes.

Most importantly, top-line growth continued its accelerating trend during the 12-month period. As noted above, revenue increased by 143% in FY22. This was fuelled by a mix of organic growth and acquisitions, split at 53% and 47% respectively. For comparison, revenue was dialled up by a smaller 41.5% in FY21.

It is worth noting that this growth did come at a cost. Operating expenses jumped 142% to $127 million in FY22 due to acquisition costs, new technology investments, network infrastructure, and engineering resources.

However, the software provider now attests to having 20% of the top 500 companies globally as Bigtincan customers. This considerable foothold in the market could be giving the Bigtincan share price a boost today.

What did management say?

In light of the record result, Bigtincan co-founder and CEO David Keane fleshed out the company’s achievements, stating:

In FY22, Bigtincan continued its strong trajectory of organic growth while adding scale through the transformative acquisition of Brainshark. We are happy with the quality of people, customers and technology that came with Brainshark and I’m very much looking forward to discussing Bigtincan’s newly integrated product offerings with our enterprise customers this year.

What’s next?

Management was confident enough in the stability of the business to provide guidance for FY23. It sure helps when the company’s revenue is 94.4% recurring in nature.

For FY23, Bigtincan management is expecting between $137 million and $143 million in ARR. Meanwhile, revenue is forecast to be in the range of $123 million to $128 million. At the midpoints, these figures would suggest improvements of 15.7% and 15.6% respectively.

Additionally, the team believes cash flow breakeven will be achieved in FY23.

Bigtincan share price snapshot

Unfortunately, the Bigtincan share price has not been an exception to the dismal performance of tech shares in 2022. So far this year, the ASX-listed sales enablement business has tumbled 35%.

As a result, the company now trades on a price-to-sales (P/S) ratio slightly below the Australian software industry average of 4.3 times. Based on the current Bigtincan share price, its P/S ratio is sitting around 3.5 times.

The post Bigtincan share price climbs amid 143% revenue explosion appeared first on The Motley Fool Australia.

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Motley Fool contributor Mitchell Lawler has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended BIGTINCAN FPO. The Motley Fool Australia has positions in and has recommended BIGTINCAN FPO. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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