SLI Systems (SLIZ)

Business description

SLI Systems' core products are e-commerce site search and navigation tools that learn from customer behaviours to improve the relevance of search results and therefore increase sales conversion.

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Stock data

Market cap.NZ$46m
Last closeNZ$0.75
High / Low (52 weeks)NZ$1.3 / NZ$0.7
Stock market listingNZ
Forecast net cash (NZ$m)3.4
Forecast gearing ratio (%)N/A

Price performance

Relative *(7.9)(20.4)(39.8)

* % Relative to local index

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Y/E Jun Revenue (NZ$m) EBITDA (NZ$m) PBT (NZ$m) EPS (c) P/E (x) P/CF (x)
2014A 22.4 (5.4) (5.4) (8.6) N/A N/A
2015A 28.6 (6.5) (6.7) (10.8) N/A N/A
2016E 38.0 (1.2) (1.5) (2.5) N/A N/A
2017E 45.9 2.8 2.4 4.0 18.8 43.2

Last updated on 21/10/2015

Investment summary

SLI Systems has announced that it expects to report H116 revenues of NZ$17.3m, up 29% year-on-year, in line with our forecasts. The company also announced it has appointed Martin Onofrio as chief revenue officer (CRO), with immediate effect. Mr Onofrio brings 25 years’ sales and executive leadership experience. He was most recently chief revenue officer at Silicon Valley-based Attensity Corporation. His recruitment closely follows Silicon Valley-based CEO Chris Brennan's appointment last month.

Last updated on 05/11/2015

Industry outlook

Personalisation and effective mobile search are becoming key industry themes and growth drivers for SLI systems. e-Retailers are increasingly becoming aware that effective search and merchandising can have a significant impact on revenue and profitability and therefore deserve specialised focus. Mobile search is particularly difficult and it is the appreciation of this fact by retailers that should lead to growth in the independent site search industry.

Last updated on 03/11/2015

Key management

Greg Cross, Chairman
Chris Brennan, CEO
Rod Garrett, CFO

Company address

78-106 Manchester Street
Christchurch 8011
New Zealand
View website

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