Business
Nitro (ASX:NTO) share price jumps up 5% on presentation // Motley Fool Australia
The Nitro Software Ltd (ASX: NTO) shares are trading higher today following its presentation at the JMP Securities small-cap technology forum. At the time of writing, the Nitro share price is trading up 5.56% at $3.04.
First half FY20 results and highlights
The presentation highlighted the company’s first half results for FY20 which included a 60% increase in revenue to $19.1 million. Annual recurring revenue increased 57% to $20.2 million.
Nitro’s financial performance for the half was able to meet or beat its prospectus forecasts. Its cash balance closed $8.7 million ahead of its prospectus plan of $35.2 million, which provides substantial resources to support working capital requirements and growth, including…
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