Datapulse Technology (BKW) H1 2023 earnings summary

Executive summary

• H1 FY2023 revenue rose 122.4% YoY to $1.655m; net loss narrowed 68.1% to $693k.

• Hotel recovery drove growth as travel restrictions eased; cash and bank balances increased to $11.157m at 31 January 2023.

Financial highlights

• Revenue was $1.655m vs $744k YoY; other income was $143k vs $114k.

• Loss before tax was $693k vs $2.169m; loss attributable to owners was $693k vs $2.172m.

• Hotel operating expenses increased to $778k from $397k, while other operating expenses fell to $437k from $815k.

• Operating cash flow was $2.222m vs an outflow of $1.145m; cash and cash equivalents ended at $11.157m.

Outlook and guidance

• Easing travel restrictions support hospitality recovery, while recovery in Chinese tourist arrivals to South Korea remains constrained by travel rules, limited flights and high airfares.

• Higher energy prices and goods and services costs are expected to continue weighing on operating costs; strategies to address these pressures will continue.