ASX:Z2U
Zoom2u Technologies Ltd
Investment Summary
The fund managers believe that Zoom2u Technologies Ltd is making solid progress, especially given the challenging retail environment. In their opinion, the company’s software platform, Locate2u, is seeing steady growth in new clients and cash receipts, which bodes well for future contracts. The company’s record revenue and 35% increase in CY23 are seen as a strong achievement. The milestone positive underlying EBITDA achieved in the December quarter and well-controlled costs further reinforce the managers' belief that Zoom2u is on a promising trajectory for future growth.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.
Commentary From The Manager
Cyan Investment Management
Date
31 Jan 2024
Price
$0.06
Medium
Monthly Report
Commentary
Cyan C3G Fund continues to hold Zoom2u (Z2U) following a strong performance in the December quarter, where the delivery platform and software provider posted record revenue and a 35% increase in CY23 revenues despite a challenging retail environment. The company’s software platform, Locate2u, is seeing consistent growth in new clients and cash receipts, with further contracts expected as the year progresses. Additionally, Zoom2u has successfully controlled costs, achieving a milestone positive underlying EBITDA in the December quarter. With these positive trends, Cyan C3G Fund remains optimistic about the company’s continued growth.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.