IBEX(US:IBEX)2022-09-22 22:39Financial Performance - FY22 revenue reached $493.6 million, a 11.2% year-over-year increase[13] - Adjusted EBITDA for FY22 was $66.8 million, representing a 13.5% margin[13] - Q4 FY22 revenue hit a record $123.7 million, up 13.6% year-over-year[13] - Q4 FY22 adjusted EBITDA was $18.7 million, with a 15.1% margin, a 50 bps increase from Q4 FY21[13,22] - Non-GAAP free cash flow for FY22 was $24.2 million[13,39] Client & Business Growth - Revenue from new clients since FY16 grew by 43% in Q4'22 and represents 74% of total revenues[18,28] - Legacy clients' revenue declined by 40% year-over-year, accounting for 15% of total revenue in Q4'22[28] - The company won 23 new logos year-to-date[19] - New clients average 2.5-4.5x revenue over year 2 & year 3[12,44] Financial Position & Capital Allocation - The company has $48.8 million in cash and $50.5 million in revolver availability[23,39] - A $20 million share repurchase authorization is in place[12,44] - Capital expenditures were $25.9 million, representing 5.3% of revenue[39] FY23 Guidance - Revenue is projected to be between $545 million and $555 million, indicating 11.4% growth at the midpoint[26] - Adjusted EBITDA is expected to be between $77 million and $79 million, with a 14.2% margin at the midpoint[26]