Altium creates software to help people design circuit boards for electronic devices. Altium has aspirational targets of $US500 million in annual revenue and 100,000 subscribers by 2025.
FY20 EBITDA was better than consensus with FY20 revenue of $189m, + 10% on the same time last year, EBITDA $72m. The company generated record subscriber growth, surpassing its 50,000 subscriber goal.
Full-year unfranked dividend increased to $0.19 and earnings before interest and tax climbed 13% to $US64m for the year ended June 30.
A highlight for the company in the last 12 months was the launch of its cloud-based electronic design subscription platform Altium 365. For 2021, the company forecast revenue growth to be in the range of $200 – $212mn or an increase of 10%.