Record Growth for Digital Bodyguard Adveritas as Major Global Clients Sign Up
Adveritas’ digital ad prevention TrafficGuard continues to deliver record sales and attract global clients.
Aussie digital ad-fraud bodyguard Adveritas (ASX:AV1) has continued its record growth in Q2 of FY22, delivering an annualised revenue of over $1.7m as at 31 December 2021.
Post the quarter end, this annualised revenue has further increased to around $1.85 million as sales picked up hotly across January.
For the first half of FY22, the company’s flagship TrafficGuard recorded revenue of $960k, up 108% from H1 FY21. Cash receipts gained from sales increased by 113% to a record $1.073m.
The company’s focus and execution of its growth strategy has seen sales increase by 80% since the end of the last financial year.
This follows significant investment into sales initiatives, as well as the company’s ability to convert a record trial pipeline into paying customers.
“Our growth momentum continues to build in FY22 with the launch of TrafficGuard on the Google Cloud Marketplace,” said CEO Mat Ratty, commenting on his company’s rapid growth.
“Further enterprise client wins and strong renewal rates from existing clients have left us in an excellent position to scale out TrafficGuard,” he added.
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