Half Year 2021 Damstra Holdings Ltd Earnings Call Transcript
Thank you, everyone, and good morning. I'm joined here today on the call by Johannes Risseeuw, our Executive Chairman, and Chris Scholtz, our Chief Financial Officer.
Can we advance to slide number 4, please? I'd like that slide to come up, slide number 4. Pleased to obviously be here today and announcing our half yearly results. I haven't seen that slight change yet. Are we -- there we go.
Slide 4, please. Great set of numbers. Things are progressing extremely well. So third -- at the high-level numbers there, $13.3 million in revenue. Just still haven't seen that slide advance to slide 4 there. Can we advance that?$13.3 million in revenue and other income versus $10.3 million in H1 financial year '20.
88% of recurring revenue down slightly on the prior year, so less than 0.5% to our client revenue churn. 114% net client retention, 75% gross margin. Large rate increase in gross margin showing increased leverage from our business operating model.
49% on R&D spend as a percent of revenue. That is up slightly from
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