Catapult Sports soars despite reporting steeper full-year loss
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More news: Shares in Catapult Sports surged in early trade despite the sports wearable tech company reporting a steeper full-year net loss of USD23.9 million ($33.6 million), compared to a USD8.8 million loss the prior year amid acquisition and compensation costs.
Shares rallied 18.75% to $3.42 at 11:47am AEST.
Catapult Sports full-year net loss widens to $33.6m amid acquisition, share-based costs
The news: Catapult Sports has reported a 3.5% year-on-year decline in its full-year EBITDA to USD17.4 million ($24.4 million), while its net loss after tax widened to USD23.9 million ($33.6 million), from a USD8.8 million loss the prior year.
The decline was in part attributed to charges related to the acquisition of IMPECT as well as share-based compensation and related payroll tax costs.
The numbers: For the year ended March 2026, statutory revenue rose 20.8% year-on-year to USD140.7 million, while gross profit increased by 19.7% to USD112 million compared to a year ago.
Free cashflow reached USD6.59 million, and the total consumer annual contract value (ACV) for March stood at USD113.8 million, up 32.3% from the prior corresponding period.
The context: Catapult stated that the stronger revenue was primarily driven by the organic growth of its subscription model, alongside contributions from the Perch and Impact acquisitions during the period.
While the company did not explicitly outline its formal FY27 outlook, it noted expectations for strong ACV growth, low churn and continued margin improvement across its targets, consistent with its rule of 40 focus.
