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OpenLearning Limited (ASX:OLL)

ALERT: Price-sensitive ASX Announcement for OLL
Current share price for OLL : $0.017 0.002 (13.33%)+
Announcement
Release
30 Apr 2025 5:04PM
Price at Release
$0.015
Full Release
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Summary
OpenLearning Limited reported significant growth in its SaaS annual recurring revenue (ARR), increasing by 12% year-on-year to $2.364 million for the quarter ending March 31, 2025. The company added new B2B customers across seven countries, including notable expansions in the LMS market, and launched its AI tools, CourseMagic.ai. Financial updates include reduced cash outflows and a focus on enhancing operational efficiencies. The acquisition of Employability Advantage is expected to add to revenue streams over the next year. OpenLearning's overall strategy aims at diversifying its service offerings and strengthening its market presence.
Key Points
  • SaaS ARR growth accelerated 12% YoY to $2.364 million.
  • B2B SaaS customer numbers increased to 246.
  • Net cash outflows from operating activities decreased by 12% YoY.
  • Usage of AI Course Builder continues to grow.
  • Signed five higher education customers through partnership with Meshed Group.
  • CourseMagic.ai has 154 active B2C customers.
  • Expansion of The Uni Guide with international student agreements.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.