Tracxn Technologies (TRACXN) Q4 19/20 earnings summary

Executive summary

• FY20 revenue from operations was INR 373,342,212; net loss narrowed to INR 192,593,536 from INR 216,629,732 in FY19.

• The platform provides subscription-based startup data services to global customers, including investors and corporate development teams.

Financial highlights

• Revenue from operations rose to INR 373,342,212 from INR 331,871,436; total income was INR 416,560,320 versus INR 343,558,079.

• Net loss was INR 192,593,536 versus INR 216,629,732; basic and diluted loss per share improved to INR 173.92 from INR 195.63.

• Other income reached INR 43,218,108, including a net gain on investment sales of INR 40,940,911.

• Employee benefits expense was INR 518,485,598, including INR 22,564,155 of ESOP compensation; other expenses were INR 85,018,882.

Outlook and guidance

• Management assessed COVID-19 as causing minimum operational disruption and expected existing cash and bank balances plus projected inflows to cover financial obligations over the next 12 months.

• Management considered no balance-sheet adjustments necessary at March 31, 2020, while noting that subsequent-period effects remained uncertain as conditions evolved.