Aspermont's Q3 Key Highlights

Aspermont (ASX: $ASP) has reported a 32nd consecutive quarter of growth in subscriptions revenues, with overall revenue reaching $5.0m, marking a 20% increase year on year. The company's successful expansion of the Future of Mining - Perth event in June contributed to this growth. Subscriptions revenue stood at $2.4m, subscriptions cash at $2.6m, marketing agency & data services at $0.4m, and net cash at $1.3m, with profits reinvested for new product development. The reported and normalized EBITDA were $0.06m and $0.12m, respectively. Additionally, the Future of Mining Perth event was sold out with 14% more attendees and is set to move to a larger venue next year. All Aspermont brands have successfully migrated onto V5 as initiated and announced in Q1.

Aspermont Managing Director's Commentary on Q3 Performance

Q3 was positive for Aspermont in line with guidance given at the end of the first half 2024. Subscriptions cash momentum lifted to 13%, and with 32 consecutive quarters of revenue growth, the company guides to increasing subscription revenue growth going forward. Net cash reserves were flat as profits were reinvested in new product development for near term cashflow regeneration. Overall revenues grew 20% and bottom-line profitability was restored. Despite challenging market conditions for mining finance, Aspermont balances growth and financial stability. Rescheduling the Future of Mining Perth event proved successful, and it will now move to a larger venue for FY25 to accommodate the increased attendee interest. New growth in Data Services and Marketing Agency was delivered and, with subscriptions, these will increasingly contribute to higher growth rates and substantial shareholder value going forward. Aspermont remains committed to new product development and existing product enrichment, with intentions to launch the first subscriptions-based data and intelligence (D&I) product in Q4, followed by a range of new D&I products.

Summary of Aspermont's Q3 Performance and Outlook

Aspermont (ASX: $ASP) has achieved a 20% year-on-year revenue growth in Q3, driven by a 32nd consecutive quarter of subscriptions growth and successful expansion of the Future of Mining - Perth event. The company's commitment to new product development and existing product enrichment is evident, with plans to launch subscriptions-based data and intelligence (D&I) products in the near future. Aspermont's ability to balance growth and financial stability in challenging market conditions for mining finance is noteworthy. The successful rescheduling of the Future of Mining Perth event and the anticipated launch of new D&I products in Q4 indicate a positive outlook for the company's future performance and shareholder value.