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Dropsuite
(Sydney:DSE)
Dropsuite (DSE) vs. iShares MSCI Australia ETF (EWA)
Dropsuite Business Overview & Revenue Model
Dropsuite Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 35.46M | 41.15M | 30.63M | 20.69M | 11.69M | 7.03M | Gross Profit |
| 7.57M | 28.34M | 7.72M | 5.15M | 3.08M | 161.09K | EBIT |
| 1.52M | 0.00 | 2.91M | 1.37M | 42.04K | -2.17M | EBITDA |
| 573.00K | 666.00K | 1.96M | 1.43M | 6.83K | -1.60M | Net Income Common Stockholders |
| 1.02M | 829.00K | 1.58M | 1.45M | -31.23K | -2.15M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 266.13K | 28.57M | 24.29M | 22.34M | 21.60M | 2.48M | Total Assets |
| 11.70M | 37.38M | 31.16M | 26.92M | 24.11M | 4.09M | Total Debt |
| 0.00 | 556.00K | 144.00K | 0.00 | 0.00 | 0.00 | Net Debt |
| -7.17K | -28.01M | -24.14M | -22.34M | -21.60M | -2.48M | Total Liabilities |
| 1.24M | 6.46M | 3.77M | 2.69M | 2.21M | 1.45M | Stockholders Equity |
| 10.46M | 30.92M | 27.39M | 24.23M | 21.90M | 2.65M |
| Cash Flow | Free Cash Flow | ||||
| 2.43M | 3.96M | 2.13M | 850.00K | 195.88K | -1.83M | Operating Cash Flow |
| 2.59M | 0.00 | 2.27M | 928.00K | 258.81K | -1.80M | Investing Cash Flow |
| -160.00K | -209.00K | -137.00K | -78.00K | -62.93K | -30.01K | Financing Cash Flow |
| -24.29M | -140.00K | 0.00 | -331.00 | 18.93M | 2.89M |
Dropsuite Technical Analysis
Dropsuite Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $33.28B | 132.04 | 14.13% | 0.21% | -1.78% | 12.79% | |
76 Outperform | AU$6.50B | 110.66 | 11.42% | 0.58% | 22.81% | 32.47% | |
71 Outperform | $418.23M | 494.12 | 2.89% | ― | 34.34% | -48.03% | |
71 Outperform | $27.82B | 133.49 | 12.98% | ― | 23.95% | ― | |
70 Outperform | €12.64B | 94.77 | 37.44% | 0.64% | 17.52% | 20.78% | |
61 Neutral | $11.29B | 10.07 | -7.05% | 2.96% | 7.47% | -10.75% | |
52 Neutral | $303.31M | ― | -19.32% | ― | -13.61% | 86.37% |
Dropsuite Earnings Call Summary
Dropsuite Corporate Events
Dropsuite Limited has announced a proposed acquisition by NinjaOne Australia Pty Ltd through a scheme of arrangement, pending approval from Dropsuite shareholders and the Federal Court of Australia. This acquisition, if approved, could significantly impact Dropsuite’s operations and market positioning, potentially enhancing its capabilities and reach within the cloud software industry.
Dropsuite Limited announced the quotation of 138,750 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of May 1, 2025. This move is part of the company’s strategy to enhance its market presence and potentially attract more investors, thereby strengthening its financial position and operational capabilities.
Dropsuite Limited has announced the issuance of fully paid ordinary shares following the vesting of performance rights under its Employee Long Term Incentive Plans. This move reflects the company’s commitment to rewarding its employees and aligns with its strategic goals, potentially strengthening its position in the cloud backup and archiving industry.
Dropsuite Limited has announced that UBS Group AG and its related bodies corporate have ceased to be substantial shareholders as of April 29, 2025. This change in shareholder status may impact Dropsuite’s shareholder composition and could influence the company’s strategic decisions and market perception.
Dropsuite has released its Q1 2025 update, highlighting its strong operational performance with an annual recurring revenue of approximately $54 million. This growth underscores Dropsuite’s robust market positioning and its commitment to helping businesses maintain continuity through advanced cloud backup solutions.
Dropsuite Limited reported a record Annual Recurring Revenue (ARR) of $53.6 million for the quarter ending March 31, 2025, marking a 37% increase from the previous year. The company achieved a 45% growth in its paid user base, reaching 1.79 million users, driven by strategic product development and channel expansion. Dropsuite’s efforts in new product development and expanding its global sales footprint contributed to maintaining a product gross margin of 69% and a churn rate below 3%. The company also launched new services like BYOS and Entra ID Backup, enhancing its market positioning and partner ecosystem.
Mitsubishi UFJ Financial Group, Inc. has reported a change in its substantial holding in Dropsuite Ltd, a company involved in providing cloud-based software solutions. The change in interest involves various transactions, including purchases and sales of fully paid ordinary shares by entities controlled by Morgan Stanley. This adjustment in voting power reflects Mitsubishi UFJ Financial Group’s strategic financial maneuvers, potentially impacting its influence over Dropsuite Ltd and its market positioning.
Dropsuite Limited, a company involved in providing cloud-based backup solutions, has experienced a change in the interests of a substantial holder, Morgan Stanley and its subsidiaries. As of April 10, 2025, Morgan Stanley’s voting power in Dropsuite has decreased from 7.51% to 6.33%, indicating a reduction in their stake in the company. This change in voting power could have implications for Dropsuite’s shareholder dynamics and might influence its strategic decisions moving forward.
Mitsubishi UFJ Financial Group, Inc. has increased its voting power in Dropsuite Limited, a company involved in providing cloud-based backup solutions. The change in substantial holding reflects a rise in voting power from 6.51% to 7.51%, indicating a significant increase in Mitsubishi UFJ’s stake in Dropsuite. This adjustment in shareholding could potentially influence Dropsuite’s strategic decisions and impact its market positioning, given Mitsubishi UFJ’s substantial influence.
Morgan Stanley and its subsidiaries have increased their voting power in Dropsuite Limited from 6.51% to 7.51% as of April 2, 2025. This change in substantial holding reflects Morgan Stanley’s active engagement in the market, potentially influencing Dropsuite’s shareholder dynamics and market perception.
Samson Rock Capital LLP, along with its associated funds, has increased its stake in Dropsuite Limited, now holding 6.40% of the voting power through ordinary shares. This change in substantial holding, up from 5.26%, indicates a growing interest and confidence in Dropsuite’s market potential, possibly influencing the company’s strategic direction and stakeholder relations.
Dropsuite Limited, a company involved in data protection and backup solutions, has seen a change in the substantial holding of its voting shares. Samson Rock Capital LLP, through its master and feeder funds, has increased its voting power in Dropsuite from 5.26% to 6.40%, indicating a growing interest and potential influence in the company’s strategic decisions.
Dropsuite Limited has been involved in a transaction where NinjaOne Australia Pty Ltd agreed to acquire all of Dropsuite’s ordinary shares for $5.90 per share. However, complications arose when its largest shareholder, Topline Capital Management, LLC, failed to disclose timely changes in its shareholding, leading to a declaration of unacceptable circumstances by the Panel. This situation has implications for Dropsuite’s corporate governance and may affect shareholder confidence ahead of the scheduled vote on the acquisition.
Dropsuite Limited announced a change in the director’s interest, with Charif El Ansari acquiring 60,000 fully paid ordinary shares through the vesting of performance rights. This change reflects a strategic alignment of the director’s interests with the company’s performance, potentially impacting investor confidence and stakeholder engagement.
Dropsuite Limited announced the application for the quotation of 728,967 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective April 2, 2025. This move is part of the company’s strategy to enhance its market presence and provide stakeholders with increased liquidity options, potentially strengthening its position in the competitive cloud software sector.
Dropsuite Limited, a global provider of cloud backup and archiving software, has announced the issuance of fully paid ordinary shares following the vesting of performance rights under its Employee Long Term Incentive Plans. This move, approved by the Board of Directors, reflects the company’s ongoing commitment to rewarding its employees and aligning their interests with corporate performance. The vesting of these shares is based on the achievement of specific employment duration and share price performance hurdles, indicating Dropsuite’s strategic focus on long-term growth and value creation for stakeholders.
Dropsuite Limited has announced the registration of its Scheme Booklet with the Australian Securities and Investment Commission, which details the proposed acquisition of all issued shares by NinjaOne Australia Pty Ltd through a scheme of arrangement. The Independent Expert’s Report within the booklet concludes that the scheme is fair, reasonable, and in the best interests of Dropsuite shareholders, with a proposed cash consideration per share exceeding the assessed value range. The Dropsuite Board unanimously recommends that shareholders vote in favor of the scheme, with a meeting scheduled for May 9, 2025, to consider and vote on the proposal. This acquisition is likely to impact Dropsuite’s operations and market positioning, with potential implications for stakeholders.
Dropsuite Limited has announced that the Federal Court of Australia has approved the convening of a Scheme Meeting for shareholders to vote on the proposed acquisition by NinjaOne Australia Pty Ltd. The Scheme Booklet, which includes an independent expert’s report, will be dispatched to shareholders, with the expert concluding that the acquisition offer is fair and reasonable. The Dropsuite Board recommends shareholders vote in favor of the proposal, highlighting its potential benefits and alignment with shareholder interests.
Mitsubishi UFJ Financial Group, Inc., a prominent financial services group, has increased its voting power in Dropsuite Limited through a series of transactions involving the purchase and sale of fully paid ordinary shares. This change in substantial holding, as reported in the notice, reflects Mitsubishi UFJ’s strategic adjustments in its investment portfolio, potentially impacting its influence within Dropsuite Limited and signaling a shift in market dynamics for stakeholders.
Morgan Stanley and its subsidiaries have increased their voting power in Dropsuite Limited from 5.43% to 6.51%, as reported in their latest substantial holding notice. This change in interest, resulting from a series of transactions, indicates a growing confidence in Dropsuite’s market potential and could influence the company’s strategic decisions and stakeholder interests.
UBS Group AG and its related bodies have increased their voting power in Dropsuite Limited from 5.38% to 6.50%, indicating a significant change in their stake in the company. This change in substantial holding reflects UBS’s strategic interest in Dropsuite, potentially impacting the company’s market position and signaling confidence in its future prospects.
Dropsuite Limited, a company listed on the ASX, is currently involved in a legal matter concerning its shares. The Acting President of the Takeovers Panel has issued interim orders in response to an application by Harvest Lane Asset Management Pty Ltd. These orders prevent Topline Capital Management LLC, Topline Capital Partners LP, and their associates from selling or transferring any shares in Dropsuite or decreasing their voting power in the company. The orders are in place to maintain the status quo until further proceedings or decisions are made, impacting the company’s immediate operational flexibility and potentially affecting its market position.
Dropsuite Limited, a company involved in data protection and cloud backup services, has experienced a significant change in its shareholder structure. Topline Capital Partners LP, a substantial holder in Dropsuite, has reduced its voting power from 19.7% to 10.5%, indicating a sale or transfer of a significant portion of its shares. This change in shareholding could impact Dropsuite’s market positioning and influence within its industry, potentially affecting its strategic decisions and stakeholder interests.
Dropsuite Limited announced that Topline Capital Partners LP currently holds approximately 7.36 million shares, representing about 10.47% of Dropsuite’s issued capital. This marks a decrease from their previous holding of 13,829,409 shares, which was about 19.7% of the issued capital. Despite the reduction, Topline Capital remains supportive of Dropsuite’s proposed transaction with NinjaOne, indicating continued confidence in the company’s strategic direction.
Dropsuite Limited has entered into a scheme implementation deed with NinjaOne, LLC, under which NinjaOne Australia Pty Ltd will acquire all of Dropsuite’s ordinary shares for $5.90 per share in cash. The announcement highlights the support of Dropsuite’s largest shareholder, Topline Capital Management LLC, which initially intended to vote its shares in favor of the scheme. However, Topline’s subsequent sale of shares has raised concerns about the transparency of its intentions, prompting Harvest Lane Asset Management Pty Ltd to file an application with the Takeovers Panel. The application questions the integrity of Topline’s intention statement and seeks orders to prevent further sales and ensure Topline votes its original 31% interest in favor of the scheme, potentially impacting shareholder confidence and market dynamics.
Mitsubishi UFJ Financial Group, Inc. has become a substantial holder in Dropsuite Limited, acquiring a 5.43% voting power through fully paid ordinary shares. This acquisition reflects Mitsubishi UFJ Financial Group’s strategic interest in Dropsuite, potentially influencing the company’s market position and stakeholder dynamics.
Morgan Stanley and its subsidiaries have become substantial holders in Dropsuite Limited, a company that specializes in cloud-based backup solutions. Morgan Stanley’s acquisition of 3,817,374 ordinary shares, representing a 5.43% voting power, signifies a significant investment in Dropsuite, potentially impacting the company’s market position and stakeholder interests.
Goldman Sachs Group has increased its voting power in Dropsuite Limited from 5.0105% to 6.4303%, reflecting a significant change in its interests. This move indicates a strategic investment by Goldman Sachs, potentially impacting Dropsuite’s market positioning and signaling confidence in the company’s growth prospects.
Dropsuite Limited, a company in the technology sector, has recently seen a significant development in its shareholder structure. Samson Rock Capital LLP, through its associated funds, has become a substantial holder in Dropsuite Limited, acquiring a 5.26% voting power with 3,698,698 ordinary shares. This acquisition could potentially influence Dropsuite’s strategic decisions and impact its market positioning, indicating a notable interest from investment entities in the company’s future prospects.
The Goldman Sachs Group, Inc. has become a substantial shareholder in Dropsuite Limited, acquiring a 5.0105% voting power through its subsidiaries. This acquisition reflects Goldman Sachs’ strategic interest in the data protection sector, potentially enhancing Dropsuite’s market position and providing new opportunities for growth and collaboration.
Dropsuite Limited has released its Corporate Governance Statement for the financial year ending December 31, 2024, which is available on their website. The statement, approved by the board, outlines the company’s adherence to the ASX Corporate Governance Council’s principles and recommendations, highlighting the company’s commitment to transparency and accountability. This release is significant as it reinforces Dropsuite’s dedication to maintaining high governance standards, potentially enhancing investor confidence and market positioning.
Dropsuite Limited reported a 34% increase in revenue to $41.2 million for the year ending December 2024, driven by a significant expansion in its customer base. The company added 483,000 paid users, resulting in a 42% year-over-year increase in user numbers. Despite a decrease in EBITDA to $0.4 million due to reinvestment and non-cash expenses, Dropsuite maintained positive cash flow and profitability. The board has recommended shareholders accept an all-cash acquisition offer from NinjaOne LLC, which is expected to enhance Dropsuite’s global capabilities and solutions.
Dropsuite Limited reported a 34.3% increase in revenues to $41,153,000 for the year ending December 31, 2024. However, the company’s profit after tax decreased by 47.7% to $829,000. Despite the revenue growth, no dividends were declared, and the net tangible assets per ordinary security increased from 39.34 cents to 44.01 cents. The report indicates a consolidation of shares in a 10:1 ratio, reflecting a strategic move to strengthen its market position.
Topline Capital Partners LP has reduced its stake in Dropsuite Limited, with its voting power dropping from 31.0% to 19.7% through a decrease in its holdings of fully paid ordinary shares. This change in substantial holding may impact Dropsuite’s shareholder dynamics and could signal shifts in investor confidence or strategy, potentially influencing the company’s market positioning and future operations.