NaaS Technology (NAAS) Amortization - Intangibles (2016 - 2021)

On a TTM basis, NaaS Technology's Amortization - Intangibles came in at $4.63 million as of Jun 30, 2021, up 9.9% year-over-year; for the year ended Dec 31, 2020, it came in at $4.74 million, up 34.0% from the prior year.

• Annual Amortization - Intangibles has increased for three straight years, though with a four-year compound annual growth rate of -5.9% (years ended Dec 2016 to Dec 2020).
• Across earlier years, Amortization - Intangibles came in at $3.54 million in the year ended Dec 31, 2019 (+9.6%), $3.23 million in the year ended Dec 31, 2018 (+2.7%), $3.15 million in the year ended Dec 31, 2017 (-48.1%) and $6.06 million in the year ended Dec 31, 2016.
• The figure for the quarter ended Jun 30, 2021 is the highest quarterly Amortization - Intangibles since the quarter ended Dec 31, 2016.
• On a year-over-year basis, Amortization - Intangibles has increased for eight consecutive quarters, with growth averaging 20.1% over the last eight quarters.
• Peak year-over-year performance for Amortization - Intangibles in the last five years was growth of 44.2% in the quarter ended Jun 30, 2020, against a decline of 42.3% in the quarter ended Sep 30, 2017 at the low end.
• Per Business Quant, the preceding three quarters came in at $1.14 million (quarter ended Mar 31, 2021), $1.16 million (quarter ended Dec 31, 2020) and $1.13 million (quarter ended Sep 30, 2020).