Company Interview / Catapulting closer to profit

Catapult's (ASX:CAT) shares surge by 11% as the company narrows its full-year loss to US$8.8 million, down from US$16.7 million a year ago. CEO Will Lopes shares that focus on Rule 40 drives revenue growth and improved profit margins, elevating revenue by 19% year over year.

Catapult (ASX:CAT), a leader in performance tracking for sports teams, enhances its technological offerings with the launch of Vector 8. Will discusses ongoing AI integration to utilise their vast data troves in optimising athletic performance, keeping them ahead in the industry.

The company continues to expand, servicing around 3600 out of 20,000 global professional teams. Catapult aims for sustainable growth with a solid balance sheet and plans to increase R&D by 3-5% annually, ensuring stability in an unpredictable market environment.