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Dropsuite Reports Record Q4 FY24 Results

Dropsuite Limited (ASX: DSE) has delivered a knockout performance in Q4 FY24, reporting record Annual Recurring Revenue (ARR) growth of 37% year-over-year. This was driven by a surge in paid user additions, with a record 165,000 new seats added in the quarter, growing the total user count to a massive 1.65 million - a 42% increase from the previous year.

The cloud backup and archiving software provider also continues to strengthen its partner ecosystem, onboarding 28 new direct and 169 indirect Managed Service Provider (MSP) partners in Q4. This expanding network, combined with new product launches like the Microsoft Entra ID backup solution, has Dropsuite well-positioned for continued growth.

Financially, the company remains rock-solid, with $28.6 million in cash and zero debt as of December 31st. Dropsuite's focus on profitability is also paying off, with product gross margins holding steady at 70% and customer churn below 3%.

Dropsuite Signs Scheme Implementation Deed with NinjaOne

In a major development, Dropsuite has entered into a Scheme Implementation Deed to be acquired by NinjaOne for $5.90 per share - a 34.1% premium to the last traded price. The Dropsuite Board has unanimously recommended the Scheme, and the company's largest shareholder, Topline Capital Management, intends to vote in favor.

Subject to the necessary approvals, the Scheme is expected to be implemented in late-May 2025, providing Dropsuite shareholders with a compelling exit opportunity.

Stanmore Resources Reports Record 2024 Production

Stanmore Resources has capped off 2024 with a remarkable performance, delivering record full-year saleable production of 13.8 million tonnes - exceeding its guidance range. This was driven by all-time production records at the company's South Walker Creek and Poitrel mines.

Stanmore also strengthened its financial position, with liquidity increasing to over US$500 million, providing ample firepower to navigate the commodity cycle and pursue growth opportunities.

Pureprofile Ltd reports exceptional H1 FY25 and Q2 FY25 results

Data and insights company Pureprofile Ltd has reported stellar results for the first half of FY25, with revenue up 22% and EBITDA climbing 38%. The strong performance continued into Q2, with revenue surging 30% and EBITDA soaring 79%.

Pureprofile's global expansion strategy is paying dividends, with Rest of World revenue growing 30% in H1 and 44% in Q2. The company has also revised its FY25 guidance, with revenue now expected to reach $57-$58 million and EBITDA of $5.2-$5.8 million.

Strong Q2 FY25 performance for investment app Raiz

Raiz Invest Limited (ASX:RZI) has delivered another quarter of impressive growth, with active customers up 8.5% year-over-year to 317,995 and funds under management climbing 32.4% to $1.61 billion. The company's ARPU also rose 6.4% to $75.68, driven by a shift to higher-revenue products.

Raiz continues to innovate, launching new features like Raiz Jars, and receiving industry recognition, including a top ranking for its Super Moderately Aggressive Option. With a strong cash position and positive operating cash flow, the company is well-positioned to build on its momentum.