Nasstar

Nasstar plc does just one thing - delivers all your computing over the internet rather than using local 'on-premise' computers. In the same way the telephone and music is now being delivered over the internet, we are doing the same with computing. Our service is called Hosted Desktop and all you need is a web browser and internet connection and you can access a desktop computer with all your company data and applications including Email, Microsoft Office and other software. Its a really simple concept and Nasstar are a pioneer in this field, providing a radical alternative to traditional on-premise delivery - instead of using a local computer under your desk you use the internet. Nasstar work exclusively with our partners and are 100% channel focussed. Our partners take the service out to market under their own branding through the Nasstar White Label Hosted Desktop Partner Programme

Revenue(FY, 2016)

£18.7 M

Market capitalization(2017-10-31)

£58.9 M

Type

Public

Telford and Wrekin, GB

Founded

1998

Size (employees)

153 (est)+20%

Website

nasstar.com

Nasstar was founded in 1998 and is headquartered in Telford and Wrekin, GB

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Nasstar Office Locations

Nasstar has an office in Telford and Wrekin

Telford and Wrekin, GB (HQ)

Nasstar, Datapoint House, 400 Queensway Business Park, Queensway, Telford, Shropshire

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Nasstar Financials and Metrics

Nasstar Financials

Nasstar's revenue was reported to be £18.75 m in FY, 2016 which is a 36.3% increase from the previous period.

Summary

GBP
Revenue (FY, 2016)	18.7 m
Revenue growth (FY, 2015 - FY, 2016), %	36.3%
Gross profit (FY, 2016)	12.9 m
Gross profit margin (FY, 2016), %	69%
Net income (FY, 2016)	(1.1 m)
EBITDA (FY, 2016)	2.1 m
EBIT (FY, 2016)	(1.4 m)
Market capitalization (31-Oct-2017)	58.9 m
Closing share price (31-Oct-2017)	0.1
Cash (31-Dec-2016)	3 m
EV	57.3 m

Nasstar's current market capitalization is £58.9 m.

Source: Company Filings

Income Statement

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Revenue	1.2 m	2.1 m	2 m	2.4 m	2.3 m	2.4 m	2.5 m	11.2 m	13.8 m	18.7 m
Revenue growth, %								348%	23%	36%
Cost of goods sold		495 k	912 k	1.1 m	1 m	1.1 m	1.5 m	3.5 m	4.1 m	5.8 m
Gross profit		1.6 m	1.1 m	1.2 m	1.3 m	1.3 m	961 k	7.7 m	9.7 m	12.9 m

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Source: Company Filings

Balance Sheet

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Cash	58 k	65 k	400 k	5 k	814 k	513 k	314 k	908 k	1.6 m	3 m
Accounts Receivable	239 k	279 k	229 k	290 k	307 k	371 k	284 k	1.1 m	1.1 m	3 m
Inventories								9 k	10 k	9 k
Current Assets	547 k	520 k	793 k	439 k	1.3 m	1.1 m	769 k	2.7 m	4 m	7.7 m

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Cash Flow

GBP	FY, 2007	FY, 2008	FY, 2009	FY, 2010	FY, 2011	FY, 2012	FY, 2013	FY, 2014	FY, 2015	FY, 2016
Net Income	(476 k)	(132 k)	(939 k)	(302 k)	(111 k)	(313 k)	(3.2 m)	(1.7 m)	(309 k)	(1.1 m)
Cash From Operating Activities	(69 k)	135 k	(79 k)	(271 k)	253 k	111 k	(395 k)	375 k	2.1 m	3.2 m
Dividends Paid										173 k
Cash From Financing Activities	973 k	412 k	851 k	195 k	925 k	277 k	569 k	9.3 m	5.2 m	10.9 m