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22 May 2007
Final Results for Year Ended 31 March 2007
Financial highlights
- Revenue increased 55% to $17.0m (2006: $11.0m).
- Profit before tax and foreign exchange movements rose 356% to $3.74m (2006: $0.82m).
- Pre-tax profit was up 153% to $3.92m (2006: $1.55m).
- Net cash at the year end was $3.5m (2006: $6.7m).
Operational highlights
- The NinjaProbe appliance family was launched successfully.
- US$2m NinjaProbe shipment to a leading US based telco.
- Signed a technology licensing agreement with Sprint Nextel Corp (NYSE: S), a world leader in communications services, for two of its network traffic products.
- Launched new Application & Channel Partner Programmes to drive sales through software vendors and systems integrators.
- Delivered 40 Gbps/OC768 monitoring solution to major US telco.
- Board changes announced today: Selwyn Pellett to become non-executive Chairman, John Scott to become Deputy Chairman and Mike Riley to become CEO.
Commenting on the results, Endace’s Chief Executive Officer, Selwyn Pellett, said:
"This has been a year of major achievements and validation for Endace and its technology. Our new NinjaProbe appliances have gained traction with Tier 1 telcos and we stand on the threshold of a major new phase of growth."