Published on: April 29, 2022
A year of resilience and investment
HeiQ’s FY21 prelims are a testament to the group’s resilience in the face of a very tough backdrop, and to its unshakeable belief in its guiding principles and potential with continued strategic investment, including three acquisitions. Revenue growth was driven by the acquisitions, and while profitability was down compared with the incomparable events that drove FY20, the group delivered profits and retains a strong balance sheet. The model continues to evolve to a focus on IP (Intellectual Property) generation and monetisation, including licensing and partnerships with customers.