Absolute Software Corporation Income Statement 2022-2011 | ABST

Brief overview of financial results at Absolute Software Corporation

The overview follows changes across a five-year period. Revenue reported by Absolute Software Corporation was $91.2 million at the beginning of the period and $197 million at the end. Overall revenue changed by +116.3%, equal to an annualized rate of about 16.7%. The company expanded its sales base at a healthy rate.

At the gross-profit level, the result moved from 76.8 million dollars to 161 million dollars, a change of +109.1%. Comparing the endpoints gives gross margins of 84.2% and 81.4%. The contraction points to pressure from direct costs or weaker pricing power.

The operating result measured by EBITDA moved from $10.2 million to −$7.1 million, or −169.9%. EBITDA underperformed the top-line trend. The EBITDA share of revenue changed from 11.2% to −3.6%. The margin contraction indicates weaker operating efficiency.

Across the five years, the net result shifted from −5 million dollars to −24.5 million dollars. The negative result deepened, showing weaker final efficiency.

Summary assessment

The indicators point to a weaker financial profile. The financial profile benefits from a larger revenue base. The main areas of concern are a lower gross margin, limited operating profitability and weaker operating efficiency. The key question is whether sales can be converted into sustainable profit.