Dropsuite (ASX: DSE) Share Price Rises On Strong Q3 ARR Growth
Both multiple expansion and fundamental business growth have driven Dropsuite share price gains.
Both multiple expansion and fundamental business growth have driven Dropsuite share price gains.
Dropsuite grew revenue more than 30% in H1 FY 2024, but this impressive organic growth came at the expense of the bottom line.
The share price might be volatile but the annualised recurring revenue growth is quite consistent.
Cashflow positive and steadily growing revenue.
The Q4 FY 2023 Dropsuite (ASX: DSE) Results were quite weak but that is no surprise after a bumper quarter in Q3.
Dropsuite (ASX: DSE) reported record quarterly operating cashflow in Q3 FY 2024 and remains on a path to profitable growth.
The 5th consecutive quarter of positive operating cash flow from Dropsuite was overshadowed by an announcement from Microsoft.
During 2022 it onboarded 89 new direct transacting partners including 7 distributors, and 819 new indirect transacting partners.
These three stocks have some flaws, but I can’t deny their positive features keep catching my eye.
These 5 stocks all give exposure to the cybersecurity mega-trend, but some are far more attractive than others…