Orion Health

**Casino** · 28-10-2014, 02:21 PM

Originally Posted by sb9

Orion’s revenue grew to $153 million in the year ended March 31 and while it has been profitable in the past, it’s not currently because it is reinvesting most of its cashflow back into global expansion.

Originally Posted by Harvey Specter

The ARR is only $55m of the $80m revenue for the 6 months. So double thst for full year - $160m of revenue for the year. So about 5x revenue so not to bad. Growth is 'only' 20-40%.

FY2014: 153m
FY2015: ~160m

20-40% growth?

**GoldenStag** · 28-10-2014, 02:23 PM

Originally Posted by Harvey Specter

The ARR is only $55m of the $80m revenue for the 6 months. So double thst for full year - $160m of revenue for the year. So about 5x revenue so not to bad. Growth is 'only' 20-40%.

Okay, my mistake about the 6 months, but the full revenue isn't realy the money earner, so using annualised revenue again (for the whole year) you would have $915m / $110m = 8.3 which still makes me choke on my coffee.

Full revenue number isn't so bad, so I accept my initial posting is incorrect.

**GoldenStag** · 28-10-2014, 02:28 PM

fact sheet just released by FNZC

**Harvey Specter** · 28-10-2014, 02:35 PM

Originally Posted by Casino

FY2014: 153m
FY2015: ~160m

20-40% growth?

Their ARR is up about 30+% and historically over 25%. I heard their target for this year was $200m so it looks like they will be short of that. However, we dont know their sales profile. I knew one company that did 50% of their sales in the last month - it did this year after year.. i would be very surprised if growth this year was less than 20%.

**GoldenStag** · 28-10-2014, 02:45 PM

Originally Posted by Harvey Specter

.. i would be very surprised if growth this year was less than 20%.

Fact sheet says 18%

**Casino** · 28-10-2014, 03:11 PM

Originally Posted by Harvey Specter

Their ARR is up about 30+% and historically over 25%. I heard their target for this year was $200m so it looks like they will be short of that. However, we dont know their sales profile. I knew one company that did 50% of their sales in the last month - it did this year after year.. i would be very surprised if growth this year was less than 20%.

It's attractive if they can hit $1B revenue by 2020. Need to look into it a bit but my initial thoughts are that I would only consider the lower end of the bookbuilding range.

**Harvey Specter** · 28-10-2014, 03:23 PM

Originally Posted by GoldenStag

Fact sheet says 18%

That is for first half. Still the second half to go.

Originally Posted by Casino

It's attractive if they can hit $1B revenue by 2020. Need to look into it a bit but my initial thoughts are that I would only consider the lower end of the bookbuilding range.

Well we will know the price before applications are due. Which probably means if its priced low, I wont be able to get an allocation, or if priced high, I can get as much as I want.