The Insider: Meet the CEOs – 11 May

MedAdvisor is aiming to develop and deliver the world’s most effective software for personal medication management, to help people make the best possible use of medication. The company’s support to 2100 pharmacies in delivering 3.75 million COVID-19 vaccinations has increased awareness of MedAdvisor’s capabilities. In November 2020, MedAdvisor acquired US-based Adheris Health, a company with around 80% of revenues and earnings sourced in the US. According to investment manager Martin Pretty, the Australian company holds a strong position in the US with revenue guidance of $72 million to $74 million in FY22.

Lark Distillery is a crafter of award-winning whiskies, including Whisky of the Year 2022 and Best Blended Malt Whisky. Picked by Perennial Partners as an asset-driven investment, the company has 1.95 million litres of whisky under maturation priced historically at $216 per litre. Lark Distillery has grown its market cap four times since last year to ~$240 million and delivered 51% year-on-year growth and $13.5 million in net sales at Q3 FY22. The company’s aspiration of expanding into key export markets was strengthened by a recent acquisition, supported by $6.5 million in self-funding by Lark Distillery’s directors.

Scout Security is an app-based, DIY, home security company offering modern security alarm solutions validated by white label partnerships across multiple industries and markets. The company operates in a projected $US11 billion (by 2027) and largely under-penetrated market, earning revenue through development fees with partners, hardware sales and subscription fees. An official partner of Amazon Alexa, Google Assistant and Samsung SmartThings, Scout was recognised as one of Forbes’ ‘Best Home Security Companies of 2022’. The company maintains an ambitious outlook, earning revenues of $2.4 million during H1 FY22, up 174% from H1 FY21, while registering $316,000 in ARR at April 2022.