3 ASX tech shares on the move following earnings results

Let's check out results from these small-cap ASX tech shares.

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It's the final day of ASX reporting season and as per usual, we've seen a flock of ASX small-cap shares wait until the last day to drop results.

Market sentiment has been mixed today, with the S&P/ASX 200 Index (ASX: XJO) printing a 0.22% loss at the time of writing.

But the S&P/ASX All Technology Index (ASX: XTX) has found its groove, jumping 1.43% in afternoon trade.

Here are three small-cap ASX tech shares making moves today after reporting full-year FY22 results.

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Novatti Group Ltd (ASX: NOV)

The Novatti share price is holding its ground today as investors digest the payment company's FY22 results.

At the time of writing, Novatti shares are trading at yesterday's closing price of 20 cents apiece after earlier recording a 5% jump to 21 cents a share around midday. This gives the company a current market capitalisation of $68 million.

In FY22, Novatti generated record revenue of $32.6 million, almost double the prior year. This came on the back of four consecutive record quarters of revenue.

During the year, Novatti completed an $8 million acquisition of ATX, a Malaysian fintech company.

It also acquired a 19.9% strategic stake in accounting software company Reckon Limited (ASX: RKN).

These acquisitions and associated capital raisings meant that the company's share count increased by 38% in FY22.

Across the year, Novatti burned through $13.0 million of operating cash flows and delivered an expanded net loss of $16.6 million.

Ansarada Group Ltd (ASX: AND)

Unlike Novatti, the Ansarada share price is finding itself under pressure today, sliding 6% at the time of writing to $1.72.

The M&A software company handed in its FY22 results this morning, headlined by a 44% jump in revenue growth. 

However, some of this growth was acquisitive after Ansarada completed the acquisition of TriLine GRC in late October 2021.

The company's customer count now stands at 5,251, up 52% from 3,997 at the end of FY21.

Ansarada remains debt free and generated $12.6 million of adjusted cash flow from operations in FY22, up 38% from the prior year.

Despite the positive cash flow, Ansarada delivered a net loss of $8.6 million as the company continues to scale.

The company noted that M&A volumes peaked mid-year and have been subdued since, impacting the start of FY23. It expects deal volumes to recover in the second half of FY23.

Credit Clear Ltd (ASX: CCR)

Last but not least, Credit Clear is another small-cap ASX tech share reporting results today.

At the time of writing, the Credit Clear share price has climbed 2.53% to 40.5 cents. This bumps up the company's market cap to $119 million.

On the surface, the company delivered rapid top-line growth in FY22, with revenue up 95% to $21.4 million. However, the majority of this growth was acquisitive. 

In February, Credit Clear finalised the $46 million acquisition of ARMA, a provider of debt recovery solutions in Australia and New Zealand. At the time, management said ARMA was slated to increase Credit Clear's revenue by 140% on a pro-forma FY21 basis.

The company ended the financial year with 696 active clients and 831,000 active customer accounts. Both of these metrics more than doubled in FY22.

For the full year, Credit Clear reported net cash operating outflows of $5.9 million. Its net loss expanded from $8.0 million in the prior year to $12.6 million in FY22.

The company ended the year with a revenue run rate of $37.4 million. It noted it was operationally profitable in May and June, which has continued into the first quarter of FY23.

Motley Fool contributor Cathryn Goh has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Ansarada Group Limited. The Motley Fool Australia has positions in and has recommended Ansarada Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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