The Market Opportunity is now stronger than ever, as we see larger users of translation services looking to consolidate vendors, needing productivity enhancing AI enabled solutions and more automation in the process workflows for translation.
Our mixture of industry leading AI technology, global services and sales delivery teams along with an enterprise proven solution puts us in a very good position.
FY22-Q3-4C Cashflow Presentation: ASX .STG
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For personal use only
FINANCIAL highlights
99% revenue growth and positive adjusted EBITDA - a new phase showing that the operating leverage from our technology is now starting to deliver returns
Revenue of $15 million up 99% (101% in constant currency ) vs pcp and up 26% vs last quarter;
Strong balance sheet with no debt and cash of $17.5m;
Positive operating cashflow
$60m annualised revenue run-rate
Straker is financially secure, has the cashflow, balance sheet and strong repeating revenues to support our growth ambitions
FY22-Q3-4C Cashflow Presentation: ASX .STG
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For personal use only
OPERATING highlights
Straker are executing at pace and scale and are well positioned as a technology leader, in one of the few $50bn+ industries that has yet to get consolidated through technology
IBM ramp up in-line with expectations and significant progress with API automation across the IBM businesses
Opened a Philippines office to relieve HR growth pressures as we rapidly scale. We now have 14 staff located in our Philippines office
North American new business team closed 5 new enterprise deals that will vary in annual revenue contribution for FY23 from 100-500k year
Lingotek had the best quarter in its company history off the back of a significant deal with an existing customer
Post quarter-end closed our 9th M&A deal with the purchase of IDEST which had LTM revenue of NZ$6.6m and long term contracts with major global institutions along with significant growth opportunities. No revenue was recorded in Q3 from IDEST
FY22-Q3-4C Cashflow Presentation: ASX .STG
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Annualised Quarterly Results
use only
60m
60
48m
4548
For personal
36m
35
32
33
30
30
29
31.1
24m
25
16.8
18.3
18
12m
0m
Q1
FY21
Q2
FY21
Q3
FY21
Q4
FY21
Q1
FY22
Q2
FY22
Q3
FY22
Revenue (NZD millions) Opex (NZD millions)
FY22-Q3-4C Cashflow Presentation: ASX .STG
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Straker Translations Ltd. published this content on 30 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 January 2022 22:10:03 UTC.
Straker Limited, formerly Straker Translations Limited, is engaged in the provision of language and subscription services. The Company provides RAY Translation Platform, which utilizes a combination of machine translation and a crowd-sourced pool of translators. It provides DELTARAY that enables customers to order a translation, track progress, assign users, give access to validators, get reports and make payments. Its XRAY is a data analytics engine for translation services. It offers STINGRAY, an enterprise translation application program interface (API) enabling easy automation and streamlining of the complete translation process, which connects directly into the RAY Translation Platform. Its RAY MT PLATFORM is a bespoke machine translation engine that assists translators. It has separate memory capabilities per client, enabling intuitive and quality text matches each time a translator saves content. It also offers Lingotek, a cloud-based translation management solution.
STRAKER LIMITED 
