It may be the last day of the month and earnings season is quickly coming to a close, but a good number of companies still managed to squeeze their full-year results out today.
Three which may have slipped under the radar are summarised below:
The Big Un Ltd (ASX: BIG) share price has tumbled 10% to $1.34 despite the video technology company posting a 429% increase in cash receipts to $21.5 million. Investors appear to be disappointed that this didn't result in a stronger bottom line performance. Big Un posted a loss of $4.2 million for FY 2017, which was an improvement on the $7.8 million loss in FY 2016. I think Big Un has enormous potential and it could be worth a closer look after its recent declines.
The Money3 Corporation Limited (ASX: MNY) share price finished the day 9.5% higher at $1.55 after the credit provider posted a 44.5% increase in net profit after tax to $29.1 million. This record result was driven largely by strong growth in its secured automotive loans. During the year the secured automotive loans underlying business produced a 17.8% increase in EBITDA to $37.1 million. Overall I felt this was a solid result and can't say I'm surprised to see its shares race higher.
The Xtek Ltd (ASX: XTE) share price finished the day with a 2% gain to 47 cents after the homeland security products and services company announced a return to profit. In FY 2017 Xtek posted a net profit of $61,000, compared to a $1.5 million loss in FY 2016. Perhaps most impressive, though, was that the company had made a loss of $1.3 million in the first half of FY 2017. If the strong second-half performance can be carried over into FY 2018, then I think the Xtek could be worth keeping a very close eye on.
