By Stuart Condie

SYDNEY--Catapult Group International narrowed its annual loss by more than expected by analysts, as the sports-technology provider improved operating leverage on a near 20% rise in revenue.

Australia-listed Catapult on Wednesday reported a net loss for the 12 months through March of $8.75 million, compared with a $16.7 million loss a year earlier.

Revenue rose by 19% on a constant-currency basis to $116.5 million, up by 16.5% in statutory terms. Earnings before interest, tax, depreciation and amortization almost doubled to $18.1 million.

The average analyst forecast was for a $12.7 million net loss from revenue of $116.5 million, according to Visible Alpha data. Analysts had been looking for an 81% jump in Ebitda to $17 million.

Catapult, which supplies performance-tracking devices and analytics software to more than 3,600 professional sports teams globally, reported a continuing-operations loss of $8.8 million.

Annualized contract value, which Catapult sees as its key leading indicator of future revenue, rose by 17% on a constant-currency basis to $101.2 million.

ACV was driven by growth in both Catapult's core services: performance and health, and tactics and coaching. The number of pro teams using Catapult grew by 9% over the year, with the company retaining 65% of every dollar of new incremental revenue.

Operating costs fell as a proportion of operating revenue to 87%, from 96% a year earlier. Free cash-flow rose 87% to $8.6 million, and the company trimmed its debt by $7.5 million to $3.5 million at March 31.

"As we enter FY26, we expect strong ACV growth, low churn, continued improvement in our cost margins towards our targets, and higher free cash flow," Chief Executive Will Lopes said.

Write to Stuart Condie at stuart.condie@wsj.com

(END) Dow Jones Newswires

May 20, 2025 18:50 ET (22:50 GMT)

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