Financial Performance - Total revenue for Q1 FY2024 reached S$5,481,305, representing a 17.9% increase from S$4,648,290 in Q1 FY2023[11] - Gross profit increased to S$2,558,985, up by 27.1% compared to S$2,013,529 in the previous year[11] - The pre-tax loss for the quarter was S$337,210, attributed to costs from a technology showcase in July 2023, market expansion to Australia, and inflation adjustments in employee salaries[11] - Revenue growth was primarily driven by the Simplicity® real estate segment, which saw an increase of S$1,421,432, although this was partially offset by a decrease of S$606,983 in the digital workplace segment[11] - The company reported a net loss of S$326,503 for the quarter, an improvement from a net loss of S$385,731 in the same quarter of the previous year[12] - Total comprehensive loss for the quarter was S$331,732, an improvement from S$386,661 in the same quarter last year[12] - The company anticipates a decrease in system implementation revenue due to economic slowdown and government fiscal tightening, but expects an increase in high-quality recurring revenue from the shift to SaaS[65] - The pre-tax net loss for Q1 2024 was 337,210 SGD, an improvement from a loss of 388,742 SGD in Q1 2023[74] Revenue Segmentation - Revenue for the first quarter of fiscal year 2024 was S$5,481,305, an increase of 17.9% compared to S$4,648,290 in the same period last year[12] - Reported segment profit for Simplicity was SGD 1,471,356, a 39.4% increase from SGD 1,054,449 in 2022, while Starlight reported a loss of SGD 106,945[41] - Revenue from the Simplicity segment was SGD 5,200,813, a 18.6% increase from SGD 4,386,364 in 2022[45] - Revenue from the Starlight segment was SGD 280,492, up 7.0% from SGD 261,926 in 2022[45] - Simplicity® system implementation revenue decreased by 15.4% to SGD 1,127,658, while recurring revenue increased by 33.4% to SGD 4,073,155[60] - Starlight® total revenue increased by 7.1% to SGD 280,492, with hardware leasing revenue rising significantly by 290.1% to SGD 50,557[62][63] Expenses and Investments - Research and development expenses increased to S$636,340, up from S$601,272, reflecting a focus on innovation and product development[12] - Marketing and other operating expenses rose to S$856,325, up from S$632,171, highlighting increased investment in market presence[12] - Total sales costs increased by 10.9% to 2,760,308 SGD, with Simplicity® sales costs rising by 11.2%[68] - Sales, marketing, and distribution expenses accounted for 15.6% of revenue, up from 13.6% in the previous year due to market expansion efforts[71] - Administrative expenses as a percentage of revenue decreased from 28.4% to 26.5%[72] - R&D costs as a percentage of revenue fell from 12.9% to 11.6%, reflecting ongoing investments in product enhancements[73] Market Strategy and Future Outlook - The company is focusing on expanding its market presence, particularly in Australia, as part of its growth strategy[11] - Anacle Systems Limited continues to prioritize operational efficiency and strategic market expansion to drive future growth[11] - The company is investing in new technology and product development to enhance its service offerings[11] - The company continues to focus on expanding its software solutions and energy management services, aiming for growth in both domestic and international markets[15] - Anacle Systems' business model is transitioning towards SaaS, which is expected to drive revenue growth in the future[65] Shareholder Information - As of August 31, 2023, major shareholders include Huang Yanyan with 11.24% (45,572,000 shares) and Lin Lifang with 5.61% (22,750,000 shares) of the company’s issued shares[78] - Majuven Fund 1 Ltd. holds 9.01% (36,528,219 shares) and OWW Investments III Limited holds 5.15% (20,873,307 shares) of the company’s issued shares[78] - The company has a total of 405,279,683 issued shares as of August 31, 2023[78] - The company has adopted pre-IPO share option plans with exercise prices of approximately SGD 0.01 or SGD 0.07, with 1,696,445 options vested and exercisable as of August 31, 2023[80] Corporate Governance - The board did not declare any dividends for the three months ending August 31, 2023, consistent with the previous year[11] - The audit committee, consisting of two independent non-executive directors and one non-executive director, was established to oversee financial reporting and risk management[88] - The company has complied with all applicable corporate governance codes during the reporting period[86] - The company has not repurchased, sold, or redeemed any of its listed securities during the reporting period[85] - No other individuals or entities, apart from those disclosed, hold share interests as of August 31, 2023[79]
安科系统(08353) - 2024 Q1 - 季度财报