'You drive yourself crazy': Catapult's CEO stays calm on sliding share price, eyes profitability
CEO Will Lopes said the high-flying company is on track to turn a bottom-line profit in as soon as 18 months with some key metrics pointing in the right direction.
Catapult CEO Will Lopes has dismissed market jitters over an unfolding reversal in the high flying sports technology business’ share price and predicted it could achieve profitability within 18 months.
Speaking to Capital Brief as Catapult’s share price sank by as much as 14% to six-month lows on Tuesday in response to its half-year results, Lopes said he isn't giving the share price much thought because it is detached from the company's improving scalability.
“Over the last couple of years, I think our return on investment from a share price perspective has been around 400%, so I never look at the weekly or monthly movement because otherwise, you drive yourself crazy,” Lopes said.
He instead pointed to the company's record operating profit, and highlighted that operating profit is “accelerating significantly faster” than revenue thanks to efficiency improvements and keeping the growth of variable costs like delivery, support and sales and marketing under control.
