That strong growth was likely commentary on the second half of FY21 not the full-year. On the topline, Altium delivered what was described by management as strong growth, with FY21 revenue coming in at US$191.1 million. Management said they expected to have an audited copy of the FY21 results released within a week and that the expectation is for there to be no 'material difference between today's release of unaudited financial statements and the audited financial statements to be released shortly.' FY21 results 'Due to unforeseen delays in the finalisation of the annual audit process amplified by the impact of the COVID-19 pandemic in NSW, the release of Altium’s audited accounts has been delayed.' As the company noted in its results release: Importantly, these results are ‘unaudited’ as a result of covid-19 related delays. At those levels, the stock is down around 12.30% year-to-date, as investors remain uncertain on the name.īelow we will look at some of the highlights from the company’s FY21 release. Popular ASX-listed software company Altium (ASX: ALU) saw its share price crash on Monday after releasing its unaudited FY21 results to the market.Īltium closed out the session down 14.36% to $29.81 per share.
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