Investor Briefing Presentation - FY2014
Auckland, May 22, 2014 AEST (ABN Newswire) - Xero Limited (
NZE:XRO) (ASX:XRO) is hosting an investor briefing on the 23rd of May 2014. This presentation will cover the financial performance and business model of the company. Furthermore, the focus on USA will also be updated. Below are some of the highlights from the presentation.
FY 2014 highlights
Operating revenue- 70.1m (ACMR at $93m)
Customers- 284,000 (45% in "Class of 2014")
Staff- 758 (staff members doubled in 12 months)
Accounting partners- 11,573 (45% of partners added in FY2014)
Cash to invest- $210m (Raised $180m in Oct 2013)
Financial Performance- Year ended 31 March
---------------------------------------------------------- 2014($000s) 2013($000s) %change----------------------------------------------------------Operating revenue 70,091 38,353 83% other Income 1,383 936 48%----------------------------------------------------------Total revenue and other income 71,474 38,289 82%Cost of revenue 24,516 13,916 76%----------------------------------------------------------Gross profit 46,958 25,373 85%Total operating expenses 85,920 41,657 106%----------------------------------------------------------Operating deficit (38,962) (16,284) 139%----------------------------------------------------------Net loss after tax (35,546) (14,443) 146%----------------------------------------------------------Cash balance 209,886 78,244 168%----------------------------------------------------------
Market Share- Small business
-------------------------------------------- Current Small Current Customer business market share--------------------------------------------NZ 102,000 0.45m 23%AU 109,000 2.0m 5%UK 47,000 4.3m <1%Nth America 18,000 29m <1%Rest of World 8000 - <1%--------------------------------------------Total 284,000 - <1%
Market Share- Partners
------------------------------------------------------- Current Accounting Current Customer and bookeeping firm market share-------------------------------------------------------NZ 2,646 3.5k 76%AU 5,328 29k 18%UK 1,797 34k 5%Nth America 1,408 500k <1%Rest of World 394 - <1%-------------------------------------------------------Total 11,573 - <1%
Expenditure- Year ended 31 March
----------------------------------------------------- 2014 2013 %change-----------------------------------------------------Cost of revenues 24,516 13,916 76% % operating revenue 35% 36% (1%)-----------------------------------------------------Sales and marketing 55,105 22,043 150%% operating revenue 79% 57% 22% -----------------------------------------------------Product design and dev 34,089 18,898 80% % operating revenue 49% 49% 0% -----------------------------------------------------General and admin 12,406 7,996 55%% operating revenue 18% 21% (3%)-----------------------------------------------------
To view the full presentation, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-XRO-406633.pdf
About Xero Limited
Xero Limited (
ASX:XRO) (NZE:XRO) (OTCMKTS:XROLF) is a global company with offices in the United States, United Kingdom, Australia and New Zealand. Xero is the emerging leader in online accounting software, providing business owners with real-time visibility of their financial position in a way that's simple, smart and secure.
For advisors such as accountants and bookkeepers, Xero forges a trusted relationship with clients through online collaboration and gives them the opportunity to extend their services. Xero is a new type of multinational with teams around the world united in our passion to revolutionise small business.
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