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MarketScreener Homepage  >  Equities  >  AUSTRALIAN SECURITIES EXCHANGE LIMITED  >  ISignthis Ltd    ISX   AU000000ISX0

ISIGNTHIS LTD

(ISX)
  Report  
End-of-day quote. End-of-day quote AUSTRALIAN SECURITIES EXCHANGE LIMITED - 10/01
1.07 AUD   +14.44%
12/08ISIGNTHIS LTD (ASX : ISX) Revised Earnings Guidance FY2019
AQ
12/06iSignthis Ltd SWIFT Operational Update
AW
12/05ISIGNTHIS LTD (ASX : ISX) ASIC Licensing Brief
AQ
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iSignthis Ltd (ASX:ISX) Revised Earnings Guidance FY2019

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12/08/2019 | 05:55pm EST

Melbourne, Australia, Dec 9, 2019 - (ABN Newswire) - iSignthis Ltd (ASX:ISX) (HAM:TA8) is pleased to announce its revised guidance for the financial year ending 31st December 2019 ("FY2019"):

- FY2019 EBIT (excluding non-cash items) is forecast at AU$6.5m (vs EBIT $10.7m forecast 28Nov'18)

- Monthly EBIT (unaudited) is currently at AU$2.0m for October, consistent with the previously announced 'actual annualised' GPTV and 125bps ecosystem Merchant Services Fee (MSF).

- Actual Tier 1 services commenced mid-February 2019, resulting in a shorter actual operating period for FY2019 of 10.5months, whereas 28 Nov18 EBIT guidance assumed full year operations.

- GPTV growth has been in excess of 425% since Tier 1 launch (Mid-February to end-October).

- ISX's cash at bank in excess of AU$14.5m.

- ISX is on track to deliver a maiden profit, joining the ranks of profitable Australian Securities Exchange ("ASX") listed entities.

- The Board is considering Company's dividend policy in context of potential M&A and further Growth opportunities

- Client funds held in ISX issued IBAN/BBAN accounts exceeds AU$80m.

- ISX is unique as a growth stock that it generates positive cash flow, with a highly scalable platform that is not contingent on external funding sources to grow.

- Working capital positive business as cash receipts for services are T+1 (next business day) against payables which are T+7 (next seven business days) or longer.

- ISX is free of any form of debt capital, with the positive working capital cycle funding growth.

- EBIT growth is constrained due to factors primarily associated with the suspension by the ASX.

- GPTV is forecast to be flat for November and December due to the impact of the ASX suspension and the SWIFT operational changes announced on 6th December 2019.

- EBIT excludes expenses associated with the ASX suspension.

- All figures are unaudited and subject to EURO to Australian dollar exchange fluctuations.

ISX remains focused on operations that will continue to convert contracted customers to 'actual' GPTV as soon as possible, with some customers opting to defer onboarding until early-2020. The Company has experienced slower growth and lesser volumes in its forward sales pipeline as a consequence of the ASX suspension. However, ISX anticipates this will be a short-term issue that will be resolved with the lifting of the suspension.

The Company is confident that FY2020 will be a successful year.

"The work done by the ISX team to complete the Tier 1 card network rollout in the EU, whilst integrating to a number of third-party trading platforms during 2018 has paid off. Merchants that use popular trading platforms including DevCode, Praxis, MetaTrader4/5 through Panda and Antelope can integrate via our API to Paydentity(TM) and ISXPay(R) quickly. We are now considering integration of popular accounting and gaming platforms to further increase the interconnectivity and appeal of our platforms." said Chief Executive Officer John Karantzis. "Given the headwinds caused by the ASX's suspension of the company from quotation, this set of numbers is a credit to the iSignthis team. We are on track to deliver a maiden profit, we have in excess of $14 million of cash, and we can give consideration to issuing our first dividend."

ISX will continue to provide services to customers to address their AML and KYC compliance obligations, whilst providing transactional banking via its Paydentity(TM) platform.


About iSignthis Ltd:

Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd (ASX:ISX) (FRA:TA8) is the global RegTech leader in remote identity verification, payment authentication with deposit taking, transactional banking and payment processing capability. iSignthis provides an end-to-end on-boarding service for merchants, with a unified payment and identity service via our Paydentity(TM) and ISXPay(R) solutions.

By converging payments and identity, iSignthis delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world's 4.2Bn 'bank verified' card or account holders, that can be remotely on-boarded to meet the Customer Due Diligence requirements of AML regulated merchants in as little as 3 to 5 minutes. Paydentity(TM) has now onboarded and verified more than 1.5m persons to an AML KYC standard.

iSignthis Paydentity(TM) service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business. iSignthis' subsidiary, iSignthis eMoney Ltd, trades as ISXPay(R), and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, and Australia.

ISXPay(R) is a principal member of Visa Inc, Mastercard Inc, Diners, Discover, (China) Union Pay International and JCB International, an American Express aggregator, and provides merchants with access to payments via alternative methods including SEPA, Poli Payments, Sofort, Trustly, WeChat, AliPay and others.

UAB Baltic Banking Service, a wholly owned subsidiary of iSignthis Ltd, provides API based access to SEPA Core, SEPA Instant and SEPA business scheme, for neobanks, banks, credit unions and emoney institutions, and provides a bridge to the Central Bank of Lithuania's CENTROLink service.

Contact:

Investor Relations
Chris Northwood
Investor Relations Director
iSignthis Limited
chris.northwood@isignthis.com
+61 (0) 458 809 177

Media Enquiries
Mark Hawthorne
Director
Civic Financial Communications
mark.hawthorne@civicfinancial.com.au
+61 (0) 418 999 894

Investor Relations Europe
Dr Eva Reuter
Friedrich Ebert Anlage 35-37
Tower 185
60327 Frankfurt
e.reuter@dr-reuter.eu
+49 (0) 69 1532 5857

Copyright (C) 2019 ABN Newswire. All rights reserved., source Press Releases English

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Financials (AUD)
Sales 2019 34,0 M
EBIT 2019 6,30 M
Net income 2019 6,30 M
Debt 2019 -
Yield 2019 -
P/E ratio 2019 107x
P/E ratio 2020 35,7x
Capi. / Sales2019 34,4x
Capi. / Sales2020 15,1x
Capitalization 1 170 M
Chart ISIGNTHIS LTD
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iSignthis Ltd Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 1
Average target price 1,30  AUD
Last Close Price 1,07  AUD
Spread / Highest target 21,5%
Spread / Average Target 21,5%
Spread / Lowest Target 21,5%
EPS Revisions
Managers
NameTitle
Nickolas John Karantzis Chief Executive Officer, Executive Director & MD
Timothy Hart Non-Executive Chairman
Elizabeth Warrell Group Chief Financial Officer & Co-Secretary
Michael Andrewes Chief Technology Officer
Barnaby Egerton-Warburton Non-Executive Director
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