Envirosuite Limited Achieves Record Sales in Q4 of $6.8m, Total ARR grows 12% YoY to $59.4m
Envirosuite Limited (ASX: EVS), an environmental intelligence technology company, has set a new record, achieving sales of $6. 8m for Q4 of FY23, up 13% on last year. This stellar performance was driven by the company's global leadership in environmental intelligence for the aviation industry, leading to a 10-year engagement with the Egyptian Airports Company, covering five airports with a total contract value of $9. 8m, as well as two new airport sites signed with Abu Dhabi Airports Company during the quarter.
Key Takeaways:
$6. 8 million in sales for Q4 of FY23, up 13% YoY
Total Annual Recurring Revenue (ARR) grows 12% YoY to $59. 4m
New Carbon Emissions Modelling product gain traction
EVS Water selected by NEOM, a high-profile $500 billion smart city in the Middle East, for two of its existing desalination plants
EVS Industrial had a record quarter, driven by strong growth in the Americas
Envirosuite CEO, Jason Cooper, spoke positively of the results, stating, "We’re pleased to deliver a record quarterly sales result with strong contributions from each product suite and each region.
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" The solid results put the company in a strong position heading into the next fiscal year, with a pipeline of opportunities across all three product suites.
Envirosuite's new Carbon Emissions Modelling product has also been experiencing increasing market interest, having already attracted some of the largest air services providers in North America and Europe. Additionally, the company has been selected by NEOM, a high-profile $500 billion smart city in the Middle East, for two of its existing desalination plants. Energised by these developments, Envirosuite hopes to continue to provide innovative solutions to address environmental concerns and promote sustainable growth.
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