Catapult Group Expects Annualized Contract Value Growth to Remain Strong With Low Churn in Fiscal 2027; Shares Fall 7%
MT Newswires Live
Aug 26
Catapult Group International (ASX:CAT) said it continues to expect annualized contract value growth to remain strong with low churn in fiscal 2027, according to a Wednesday Australian bourse filing.
The company also reaffirmed its outlook for continued improvement in cost margins toward its targets, as well as higher free cash flow, excluding transaction costs, as the business continues to scale.
The professional sports technology market is projected to exceed $72 billion by 2030, the company added.
The sports technology company's shares fell nearly 7% in recent trading on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.