Craneware (CRW) H2 2024 TU earnings summary
Event summary combining transcript, slides, and related documents.
H2 2024 TU earnings summary
13 Jun, 2025Financial performance
Revenue for FY24 expected to exceed $188m, up 8% from FY23 and above market expectations.
Adjusted EBITDA projected at least $58m, a 6% increase, maintaining over 30% EBITDA margin.
Annual Recurring Revenue (ARR) grew to $172m, with further growth anticipated as sales convert to ARR.
Operational highlights
Strong sales performance driven by ongoing investment in the Trisus platform and partner programs.
High customer retention contributed to recurring revenue growth.
Alliance with Microsoft expected to accelerate innovation and AI-based applications.
Balance sheet and capital allocation
Total bank debt reduced to $35.4m, a $40m reduction above scheduled repayments.
$12.8m returned to shareholders via dividends and $3.3m in share buybacks.
Cash reserves at $34.6m as of June 30, 2024.
Latest events from Craneware
- FY26 results flat year-over-year, with deferred revenue and strong customer retention.CRW
H2 2026 TU - Revenue up 6%, ARR at $184.2M, strong AI innovation, and robust outlook amid 340B uncertainty.CRWH1 2026
- 6% revenue growth and double-digit EBITDA increase, with strong cash and reduced debt in H1 FY26.CRWH1 2026 TU
- Revenue up 9%, adjusted EBITDA up 12%, and dividend up 10%, with strong recurring sales.CRWH2 2025
- EBITDA and ARR growth outpaced forecasts, setting the stage for faster expansion in FY26.CRWH2 2025 TU
- Strong revenue and profit growth, high recurring revenue, and a new Microsoft alliance drive optimism.CRWH2 2024
- Double-digit growth, strong cash flow, and new leadership drive confidence for FY25.CRWH1 2025 TU
- Double-digit revenue and EBITDA growth, strong cash flow, and innovation drive robust outlook.CRWH1 2025