Key points
- FY2026 SaaS revenue grew by 22% year-on-year.
- Discontinued a heritage support contract with NHVR, reducing ARR by $3.2m in FY2027.
- Continued investment in R&D and go-to-market strategies for future growth.
- FY2027 Adjusted EBITDA expected to be at least $40m.
Full summary
Objective Corporation's FY2026 CEO letter to shareholders discusses the company's performance and strategic plans. Despite challenges such as the end of a 26-year partnership with the Defence Digital Group and the discontinuation of a support contract with the National Heavy Vehicle Regulator, the company reported a 22% year-on-year growth in SaaS revenue. The company invested $33.8 million in R&D and continued to build its go-to-market strategies. Looking ahead to FY2027, the company expects to invest heavily in Information Intelligence and other strategic areas, aiming for an Adjusted EBITDA of at least $40 million.
Guidance
FY2027 Adjusted EBITDA expected to be at least $40m
Outlook
Objective Corporation plans to continue investing in Information Intelligence, go-to-market strategies, and strategic acquisitions to drive future growth and capitalize on market opportunities.