Catapult Sports shares dropped to a 52-week low on Thursday, despite the software group posting annualised contract value growth of 43 per cent to $US58.8 million ($81 million) for the half-year to September 30.
Boston-based chief executive Will Lopes said annualised contract value (ACV) is a leading indicator of strong future growth after a period of investment to transition the group to a subscription-based software-as-a-service (SaaS) recurring revenue model on high gross profit margins.
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