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Catapult Sports boss says growth, cost reduction strategy is working

Tom Richardson
Tom RichardsonJournalist

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Catapult Sport chief executive Will Lopes says he is confident the software business will reverse its fortunes next year to turn free cashflow positive and post revenue growth.

Catapult, which provides wearable sports technologies to the world’s leading professional sports teams and athletes, narrowed its net loss slightly to $US31.5 million ($47.3 million) on foreign exchange adjusted sales up 14 per cent to $US84.4 million for the financial year to March 31.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/for-tuesday-morning-catapult-sports-boss-says-growth-cost-reduction-strategy-is-working-20230522-p5da82