RaaS Research Group has published an update report on data analytics company Pureprofile (ASX:PPL) following the $1.25m acquisition of i-Link Research Solutions, on an estimated FY24 revenue multiple of 0.46x.
Pureprofile notes that i-Link generated revenue of ~$2.7m in FY24, that it was cash-flow positive, and that there would be cost synergies from the i-Link principals not continuing with the business and existing staff moving to Pureprofile’s offices.
We have incorporated the acquisition in our forecasts, resulting in a 5% upgrade to our FY25f revenue and underlying EBITDA forecast and a 6% increase to our FY25f underlying EPS estimate.
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