Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also showed improvement, up 28% to $4m. Net cash from operating activities was $3.9m for the year, up from $2.4m, resulting in a closing cash balance of $5.3m.

Revenue from existing clients was up 30%, with the firm’s top 20 clients contributing an additional $2.7m during FY22. Revenue from new clients delivered an incremental $5.3m during the same period.

Revenue growth from regions outside of Australia was up 48%, while average revenue per project increased by 13%. The fourth quarter saw Pureprofile’s revenues closing at $10.9m, up 29%. 

Commenting on the results, Pureprofile chief executive Martin Filz said: “We are very pleased to have delivered on all the initiatives that we set ourselves for FY22.

“This has allowed us to make additional investments in Q4 designed to deliver continued top line growth in FY23. All of this whilst continuing to record a positive operating cash flow, strong customer growth and revenue diversification.”