Business
Catapult (ASX:CAT) share price in focus following half year results
The Catapult Group International Ltd (ASX: CAT) share price was out of form on Wednesday and tumbled lower.
The sports analytics and wearables company’s shares fell 4.5% to end the day at $1.70.
Investors will be hoping for better from the Catapult share price tomorrow following the release of its half year result after the market close.
How did Catapult perform in the first half?
For the six months ended 31 December, Catapult reported a 4% reduction in revenue to US$33.3 million. This decline was driven by challenges in closing new business due to COVID-19 and its decision to prioritise high-margin subscription sales over capital sales.
In respect to the latter, Catapult’s subscription revenue business model was resilient,…
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