Mind Gym’s valuable content

AIM-quoted learning and development products and services provider Mind Gym (LON: MIND) fell into loss last year, but it is set to bounce back in 2022-23. The true value of the business is in the IP that is being created over more than two decades.

In the year to March 2022, revenues were 24% ahead at £48.7m with US revenues growing even faster. Repeat revenues from customers that have bought products and services in the past three years were 86% of the total.

Gross margins remain stable at around 87%, but overheads are higher as management anticipates future growth in demand. There wer...

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