Financial Data and Key Metrics Changes - Total revenue grew by 19% year over year, reaching USD 116.5 million, reflecting significant scale of the business [4] - Annualized contract value (ACV) grew by 18% year over year, exceeding USD 100 million for the first time, reaching USD 101.2 million [4] - Management EBITDA improved to 13%, with an USD 11 million year over year improvement [4] - Free cash flow nearly doubled, reaching USD 8.6 million, an increase of USD 4 million from FY 2024 [5] - Incremental profit margins reached a record 65%, indicating sustainable operating leverage [5] Business Line Data and Key Metrics Changes - The number of professional teams using more than one Catapult solution grew by 53% in FY 2025, with nearly 300 new multi-vertical teams added [6] - ACV per protein (ARPU measure) rose by 12% year over year to almost USD 27,000, accelerating from a 7% growth in FY 2024 [6] Market Data and Key Metrics Changes - Catapult serves over 4,600 teams across 40 sports and more than 100 countries, an increase of nearly 400 teams year over year [3][4] - The professional sports technology market is projected to exceed USD 71 billion by 2030, doubling in the next five years [13] Company Strategy and Development Direction - The company aims to continue focusing on profitable growth, consistent with outcomes delivered in FY 2025 [12] - Catapult's unified SaaS platform is designed to help teams make faster, smarter decisions, providing a competitive edge [13] - The company plans to continue widening its competitive moat based on its one-stop platform and proprietary data stack [14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the future trajectory and vital role in helping professional sports teams achieve peak performance [15] - The integration of the recently acquired Perch is going well, with positive expectations for future growth [11][12] Other Important Information - The company is transitioning to a new name, Catapult Sports Limited, to align with how it is known in the market [68] - The company has a strong focus on governance and improving gender diversity within its leadership [50][54] Q&A Session Summary Question: How does the company generate its revenue? - The company is predominantly a SaaS business, with around 95% of subscription revenue coming from elite professional teams, retaining a 96% retention rate [34][35][36] Question: How scalable is the business? - The company has built a scalable business model, retaining 65% of incremental revenue as profit, indicating strong operating leverage [37][38][39] Question: Comments on the 17% protest vote against the remuneration report? - Three out of four proxy advisors recommended favorable resolutions, and the company is committed to transparency and governance improvements [46][48] Question: Comments on the 13.8% proxy vote against the reelection of the Executive Chairman? - The company acknowledges the importance of gender diversity and is committed to improving governance over time [49][50][54] Question: Comments on reliance on big global technology companies? - The company uses various cloud providers and does not anticipate significant impacts from potential price increases from suppliers [62][63] Question: Commitment to adding more female directors to the Board? - The company is focused on improving gender representation and governance practices, with ongoing efforts to enhance diversity [65][66][67] Question: Why change the company name? - The name change aims to eliminate confusion and align the formal name with how the company is known in the market, enhancing brand equity [68]

Financial Data and Key Metrics Changes - Total revenue grew 19% year over year, reaching USD 116.5 million, reflecting significant scale of the business [4] - Annualized contract value (ACV) grew by 18% year over year, exceeding USD 100 million for the first time, reaching USD 101.2 million [4] - Management EBITDA improved to 13%, with an USD 11 million year over year improvement [4] - Free cash flow nearly doubled, reaching USD 8.6 million, an increase of USD 4 million from FY 2024 [5] - Incremental profit margin reached a record 65%, indicating sustainable operating leverage [5] Business Line Data and Key Metrics Changes - ACV retention rate was an impressive 96%, comparable to leading enterprise software companies [6] - ACV per protein (ARPU) rose 12% year over year to almost USD 27,000, accelerating from 7% growth in FY 2024 [6] - The number of pro teams using more than one Catapult solution grew 53% in FY 2025, with nearly 300 new multi-vertical teams added [6] Market Data and Key Metrics Changes - The professional sports technology market is projected to exceed USD 71 billion by 2030, doubling in the next five years [12] - Catapult serves over 4,600 teams across 40 sports and more than 100 countries, an increase of nearly 400 teams year over year [3][4] Company Strategy and Development Direction - Catapult aims to continue focusing on profitable growth, consistent with outcomes delivered in FY 2025 [11] - The company is positioned as a global category leader in performance technology for professional sports, leveraging its unified SaaS platform [12] - The acquisition of Perch is progressing well, with integration expected to enhance future growth [10][11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's future trajectory and its vital role in helping professional sports teams achieve peak performance [14] - The company reaffirmed guidance for strong ACV growth with low churn and higher free cash flow as the business scales [11] Other Important Information - The company plans to change its name to Catapult Sports Limited to align with its branding and market recognition [30][68] - The company has a strong focus on governance and improving gender diversity within its board and executive team [49][56] Q&A Session Summary Question: How does the company generate its revenue? - The company is predominantly a SaaS business, with around 95% of subscription revenue coming from elite sporting teams, retaining a 96% retention rate [34] Question: How scalable is the business? - The company has achieved significant scalability, retaining 65% of incremental revenue as profit, indicating strong operating leverage [37][39] Question: Why were items four and five put up for approval? - The company aims for transparency in capital raising and does not currently need to raise capital, but seeks shareholder input on these resolutions [41][42] Question: What is the company's stance on gender diversity on the board? - The company acknowledges the importance of gender diversity and is committed to improving governance practices over time [49][56] Question: Why change the company name? - The name change aims to eliminate confusion and align the formal name with how clients and employees refer to the company, enhancing brand equity [68]

Core Insights - Garmin Ltd. has acquired MYLAPS, a Dutch company specializing in integrated timing, live tracking, and performance analysis tools for sports [1][2] - The acquisition aims to enhance the competitive experience for athletes and spectators by combining Garmin's technology with MYLAPS' expertise [2] Company Overview - MYLAPS has been a leader in sports technology since 1982, known for inventing automatic sports timing and transforming performance measurement [2] - MYLAPS operates globally with over 200 full-time employees and has a presence in North America, Europe, Asia, and Australia [1][2] Strategic Implications - The acquisition is expected to set a new standard for performance-focused training and race-day technology, benefiting Garmin's extensive customer base [2] - Garmin's commitment to innovation in various markets, including fitness and outdoor activities, aligns with MYLAPS' capabilities in enhancing sports experiences [3]

Company Overview - Sportradar Group AG (NASDAQ: SRAD) is a leading global sports technology company founded in 2001, providing immersive experiences for sports fans and bettors [3] - The company operates at the intersection of sports, media, and betting industries, offering a range of solutions to sports federations, news media, consumer platforms, and sports betting operators [3] - Sportradar covers over a million events annually across all major sports and has partnerships with organizations like ATP, NBA, NHL, MLB, NASCAR, UEFA, FIFA, and Bundesliga [3] Upcoming Financial Results - Sportradar will release its financial and operating results for the second quarter ended June 30, 2025, on August 5, 2025 [1] - An earnings call via webcast will be held at 8:30 a.m. Eastern time on the same day to discuss the results [1] Investor Relations - Interested parties can access the earnings webcast through Sportradar's Investor Relations website [2] - A replay of the webcast will be available on the Investor Relations website for one year after the event [2]

Investment Strategy & Focus - The firm focuses on sectors where it has a "right to play," such as health innovation and emergency services innovation [5][9] - The firm emphasizes fundamentals over fleeting trends like crypto or AI [17] - The firm aims to bridge the gap between African businesses and international markets by leveraging local expertise and networks [14] Portfolio & Exits - The firm has three funds under management and has exited six companies with returns exceeding 30% IRR [11] - Portfolio companies entering international markets have performed well, exemplified by the sale of a Cape Town-based emergency response business to Motorola, Inc [2][3] - A portfolio company, hearX, merged with Eargo, creating one of the largest OTC hearing aid providers in the US [7][8] Competitive Advantage - The competitive cost base in South Africa and other parts of Africa is an overlooked investment opportunity [18][20] - Relocating the cost base and engineering to South Africa can achieve approximately 30% cost savings [20] - Creating Dollar revenues and Rand cost base [11] Market Trends & Opportunities - The African venture capital market is still in its early stages, with early-stage investments now maturing [9][10] - The number of dollar unicorns born out of Africa is increasing year on year [12] - International investors are increasingly partnering with the firm and its companies [15]

Core Insights - Sportradar Group AG has partnered with DAZN to distribute exclusive ultra-low latency betting data and non-exclusive media content for the FIFA Club World Cup 2025, enhancing its global soccer offerings [1][2] Group 1: Partnership Details - The partnership allows Sportradar to deliver data and content, including live odds, for all 63 tournament matches to over 800 betting operator clients and 900 media companies globally [2] - Sportradar will provide extensive betting markets, including up to 190 pre-match and 200 in-play betting markets, along with live match trackers [3] Group 2: Integrity and Monitoring - Sportradar will utilize its AI-driven Universal Fraud Detection System (UFDS) to monitor the tournament for corruption, ensuring the integrity of the competition [3] Group 3: Company Background - Sportradar, founded in 2001, is a leading global sports technology company that covers nearly a million events annually across major sports, providing solutions for sports federations, media, and betting operators [4] - DAZN, established in 2016, streams over 90,000 live events annually and is available in more than 200 markets, serving as the global home for the FIFA Club World Cup [5][6]

SHENZHEN, China, June 03, 2025 (GLOBE NEWSWIRE) -- XPOLAR, an innovator in sports recovery and wellness technology, officially debuted its X2 Recovery Device at CES 2025. Designed to meet the demand for smarter, more accessible recovery tools, X2 combines cold and heat therapy with compression in a compact, portable form. This advanced device seamlessly integrates three core recovery modalities, delivering targeted muscle and joint relief while supporting enhanced athletic performance. With its innovative d ...

Core Insights - Signing Day Sports achieved a 66% year-over-year reduction in net loss, reflecting improved operating efficiency [2][8] - The company is focused on driving higher-margin, subscription-based revenues through enhanced digital platforms and strategic partnerships [2][3] Financial Performance - Revenue for the quarter ended March 31, 2025, was approximately $0.15 million, down from approximately $0.23 million in the same period of 2024 [8] - General and administrative expenses decreased to approximately $0.97 million from approximately $2.04 million year-over-year [8] - Net loss for the quarter was approximately $0.84 million, compared to a net loss of approximately $2.50 million in the same period in 2024 [8] Business Strategy - The company hosted five U.S. Army Bowl Regional Combines, attracting nearly 1,000 high school athletes, indicating strong demand for verified performance data [2][3] - Signing Day Sports expanded its digital footprint with weekly recruiting webinars to enhance engagement with college coaches and promote top student-athletes [3] - The renewal of the partnership with the U.S. Army Bowl through 2026 allows the company to maintain exclusive rights to national and regional combines, generating revenue from athlete registrations [3]

Financial Performance - Sportradar achieved a record quarterly revenue of €311 million, a 17% year-over-year increase[5] - Adjusted EBITDA grew by 25% year-over-year to €59 million[8] - The Adjusted EBITDA margin expanded to 189%, a 119 bps increase[8] - Free cash flow reached €32 million, with a 54% conversion rate[8] Growth Strategy and Market Expansion - The global sports betting total addressable market (TAM) is expected to grow at an 11% compound annual growth rate (CAGR) to approximately $131 billion by 2027[16] - The company is expanding into adjacent markets, focusing primarily on iGaming[15] - The company is cross-selling marketing services into iGaming, with 84 iCasino brands receiving Sportradar marketing services, representing 21% of total marketing services revenues[28] Strategic Initiatives - Sportradar extended its MLB partnership through 2032 and announced an agreement to acquire IMG ARENA[5] - The acquisition of IMG ARENA will add approximately 39,000 official data events and 30,000 streaming events[39] - The company repurchased $65 million, or 3 million shares, in April, bringing total repurchases to date to $86 million under its $200 million share repurchase program[5] Outlook - Sportradar is guiding to 2025 revenue growth of at least 15%, Adjusted EBITDA growth of at least 26%, and Adjusted EBITDA margin expansion of at least 200 bps[5]

Core Insights - Sportradar Group AG reported a strong start to 2025 with record quarterly revenue of €311 million, representing a 17% year-over-year increase driven by growth across various product lines and geographies [2][4][5] Financial Performance - Total revenue for the first quarter was €311 million, up €45 million or 17% year-over-year, with notable growth in Betting Technology & Solutions (14%) and Sports Content, Technology & Services (33%) [4][5] - Profit for the period increased to €24 million, compared to a loss of €1 million in the same quarter last year, with a profit margin of 7.8% [5][9] - Adjusted EBITDA rose 25% to €59 million, with an adjusted EBITDA margin of 18.9% [5][10] - Free cash flow for the quarter was €32 million, an increase of €32 million compared to the same period last year [5][13] Revenue Breakdown - Revenue by product showed significant increases: - Betting & Gaming Content: €193.8 million, up 13% - Managed Betting Services: €56.2 million, up 16% - Marketing & Media Services: €46.6 million, up 36% [4][6] - Revenue by geography indicated strong growth in the U.S. market, with revenues up 31% year-over-year, representing 28% of total company revenue [7][8] Strategic Developments - The company extended its partnership with Major League Baseball through 2032, enhancing its content portfolio [3][12] - An agreement was announced to acquire IMG ARENA's sports betting rights portfolio, expected to enhance Sportradar's offerings in major sports [3][12] Customer Metrics - The Customer Net Retention Rate was reported at 122%, indicating strong cross-selling and upselling capabilities [5][8] Balance Sheet and Liquidity - As of March 31, 2025, the company had cash and cash equivalents of €358 million, up from €348 million at the end of 2024 [12][14] - Total liquidity, including an undrawn credit facility, was €578 million, with no debt outstanding [14] 2025 Financial Outlook - The company reiterated its fiscal 2025 outlook, projecting revenue of at least €1,273 million and adjusted EBITDA of at least €281 million, representing year-on-year growth of at least 15% and 26% respectively [20]