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New clients boost Catapult revenue to a milestone $152m, forecasts higher free cash flow in FY25
Thanks to expansions and new product launches adopted by the likes of F1 and NASCAR, sports tech company Catapult (ASX: CAT) reached a revenue milestone in FY24, with its SaaS divisions boosting sales. In FY24, the Company’s annualised contract value (ACV) grew 20%, with Catapult hitting a revenue mark of $152 million. Its profit margin
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Catapult generates positive cash flow for the first time since 2021, becomes official supplier for NASCAR
After months of investing in new products and signing new contracts, sports performance analytics company Catapult (ASX: CAT) has scored big. For the first time since September 2021, the Company has generated positive free cash flow amounting to $2.2 million. And that is just scratching the surface. Catapult’s total revenue grew to $77 million, up
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NASCAR engages Catapult for RaceWatch ID, the video replay system used by FIA
American motorsport fans will soon have a better experience with NASCAR having engaged sports technology company Catapult Group (ASX: CAT) for its RaceWatch ID, a video replay system popularised by the FIA in Formula 1. The multi-year agreement, which takes effect this season, will see Catapult’s RaceWatch ID, employed by Race Control and Competition officials
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Catapult reports strong Q1 results, reaffirms positive free cash flow guidance for FY24
Sports performance analytics company Catapult (ASX: CAT) has announced its impressive first-quarter results for the period ending June 2023, i.e. Q1 FY24, signaling a positive trajectory for its financial performance. The Q1 results not only met but also exceeded the Company’s expectations, hopefully helping it achieve Free Cash Flow positivity in FY24. As part of
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Kicking goals on all fronts, Catapult extends AFL Champion Data deal by three years
Sports data and analytics company Catapult Sports (ASX: CAT) is set to expand its relationship with Champion Data in a three-year deal to supply the Australian Football League (AFL) with performance analytics. After advancing their Vector SaaS technology with applications in NFL and soccer, Catapult is now increasing its service for Australia’s most popular sport.
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Catapulting sports into the 21st century: How one company is using data to give teams an edge
We all know that one guy who is downright obsessed with a certain sporting team, or player. The degree to which us humans can immerse ourselves in extraordinary feats of athleticism is astonishing (especially so when they catch you on your lunch break…). From the first team polo matches in Persia 2,500 years ago to
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