Earnings release
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CATAPULT CATAPULT SUBSCRIPTION REVENUE ACCELERATED TO 29 % FROM 3 % IN FY21 , FOLLOWING STRONG ACV GROWTH OF 43 % OVER 12 MONTHS NOVEMBER 17 , 2021 ALL FINANCIALS ARE IN USD UNLESS OTHERWISE INDICATED Catapult Group International Limited ( ASX : CAT , ' Catapult ' or the ' Company ' ) , the global performance technology leader in elite sports , is pleased to provide its financial results for the half - year ending September 30 , 2021 ( H1 FY22 ) . H1 FY22 HIGHLIGHTS • • • • Subscription revenue growth , the lagging SaaS metric , accelerated dramatically to 29 % , up from 3 % in FY21 , following 12 months of strong ACV growth Strong progress against key SaaS growth metrics ○ Annual Contracted Value ( ACV ) , the leading growth indicator , grew 43 % with all regions performing strongly World - class ACV churn of just 4.1 % Continued strong growth in multi - vertical customers which expanded 50 % Recovery from the pandemic accelerated , especially in Americas with ACV growth of 28 % SBG integration & growth is ahead of plan following customer signings in the new markets of Basketball , NASCAR and eSports R & D grew 94 % to 17.2 % of revenue , from Covid - related lows in H1 FY21 Accelerated growth initiatives are fully funded with over $ 42 million of cash at bank STRONG PROGRESS AGAINST KEY SAAS METRICS AS THE NORTH AMERICAN MARKET REBOUNDS Catapult grew ACV 43 % ( 30 % ex - SBG ) with Performance & Health ( P & H ) ACV up 40 % and Tactics & Coaching ( T & C ) up 57 % . Catapult remained deeply embedded in its customers ' workflows with an average customer duration of 5.5 years and ACV churn of just 4.1 % , down 40 % . There was continued strong growth in multi - vertical customers which expanded 50 % as Catapult successfully drove additional sales into its large P & H customer base . The rebound in growth evident in EMEA and APAC during H2 FY21 has taken hold across all regions . ACV growth rates on a pro - forma basis ( incl . SBG in all periods ) in H1 FY22 were Americas 28 % , EMEA 34 % , and APAC 24 % . Pro - sport and deal flow in Catapult's largest market has bounced back during the half from pandemic lows , with North America P & H ACV up 62 % on an annualized basis . CATAPULTSPORTS.COM CATAPULT GROUP INTERNATIONAL LIMITED | ABN 53 164 301 197 | 75 HIGH STREET , PRAHRAN , VIC , 3181 AUSTRALIA 1