Latest news with #Plexus'
Yahoo
14-05-2025
- Business
- Yahoo
Plexus Secures $6 Million to Accelerate AI-Driven Growth Strategy
MELBOURNE, Australia, May 14, 2025--(BUSINESS WIRE)--Plexus, the AI-powered legal automation platform transforming how in-house legal teams operate, has secured over $6 million in new funding to accelerate global expansion and AI-led innovation. The raise, led by existing shareholders and Seattle-based Lighter Capital, marks Plexus' first institutional partnership. The funds will fuel expansion into key international markets, accelerate AI product delivery, and onboard the next wave of exceptional talent. Plexus founder and CEO Andrew Mellett said the raise is a clear indicator of the rising demand for more innovative legal and compliance solutions, and the substantial market opportunity ahead. "Traditional legal operating models simply can't keep up with the pace of modern business," said Mellett. "We're witnessing a once-in-a-generation shift: from tracking legal work to getting it done automatically and intelligently." "The global legal industry is valued at $1.1 trillion, three times the size of the entire software market. Over the next decade, the industry will shift from consonants and vowels to zeros and ones, and Plexus is at the vanguard of that transformation." "This capital gives us the firepower to accelerate what's already working, build the next wave of AI capabilities, and help our customers scale legal value faster than ever." Strategic capital partnership with Lighter Capital After receiving interest from several leading investment firms, Lighter Capital was selected for its proven experience supporting high-growth SaaS platforms and alignment with Plexus' strategic direction. "Lighter Capital is privileged to support Plexus in their latest financing round," said Matthew Dowling, Investment Director at Lighter Capital. "With recent growth and solid business metrics, Plexus was a perfect fit for Lighter Capital's non-dilutive financing. Automation in the legal space is one of the fastest-growing sectors in B2B SaaS, and Plexus is in a great position to capture more of the market. This raise isn't just about fuelling growth; it's about accelerating a new phase of legal innovation." From legal tools to digital lawyers As legal workloads increase in volume and complexity, Plexus' AI-powered platform is evolving beyond workflow automation into digital lawyers that empower business teams to operate with unprecedented speed, efficiency, and impact. The platform is already used by household brands like Nike, L'Oréal, PepsiCo, Woolworths, AIA, and The Iconic to streamline everything from contract review and negotiation to compliance workflows and approvals. "This is just the beginning," Mellett said. "We're building the platform in-house legal teams didn't know they needed, but won't be able to live without." About Plexus Plexus is the Legal OS for modern enterprises, enabling teams to automate, accelerate, and scale legal work across the business through one integrated, AI-driven platform. Trusted by over 250 global organisations - including Nike, L'Oréal, Coca-Cola, Woolworths, AIA, and major government institutions - Plexus empowers legal teams and their business partners to execute faster, reduce risk, and unlock greater business value, achieving up to 60% productivity gains and reducing manual workloads by 25%. For more information, visit About Lighter Capital Lighter Capital is the pioneer in founder-friendly financing, providing hundreds of millions of dollars in over 1,000 rounds of non-dilutive financing to U.S., Canadian, and Australian tech companies since 2010. With Lighter's tech-enabled funding, which does not require the company to give up equity, founders achieve success on their terms. Beyond financing, Lighter's "more than money" benefits provide founders access to invaluable connections within the Lighter Capital Community, over $200,000 in product discounts, and hundreds of Founders' Hub resources. For more information, visit View source version on Contacts Media contact/s: Alicia Kearns, CMO, | + 61 409 816 938
Business Wire
14-05-2025
- Business
- Business Wire
Plexus Secures $6 Million to Accelerate AI-Driven Growth Strategy
MELBOURNE, Australia--(BUSINESS WIRE)-- Plexus, the AI-powered legal automation platform transforming how in-house legal teams operate, has secured over $6 million in new funding to accelerate global expansion and AI-led innovation. 'Traditional legal operating models simply can't keep up with the pace of modern business. We're witnessing a once-in-a-generation shift: from tracking legal work to getting it done automatically and intelligently.' - Andrew Mellett, CEO, Plexus Share The raise, led by existing shareholders and Seattle-based Lighter Capital, marks Plexus' first institutional partnership. The funds will fuel expansion into key international markets, accelerate AI product delivery, and onboard the next wave of exceptional talent. Plexus founder and CEO Andrew Mellett said the raise is a clear indicator of the rising demand for more innovative legal and compliance solutions, and the substantial market opportunity ahead. 'Traditional legal operating models simply can't keep up with the pace of modern business,' said Mellett. 'We're witnessing a once-in-a-generation shift: from tracking legal work to getting it done automatically and intelligently.' 'The global legal industry is valued at $1.1 trillion, three times the size of the entire software market. Over the next decade, the industry will shift from consonants and vowels to zeros and ones, and Plexus is at the vanguard of that transformation.' 'This capital gives us the firepower to accelerate what's already working, build the next wave of AI capabilities, and help our customers scale legal value faster than ever.' Strategic capital partnership with Lighter Capital After receiving interest from several leading investment firms, Lighter Capital was selected for its proven experience supporting high-growth SaaS platforms and alignment with Plexus' strategic direction. 'Lighter Capital is privileged to support Plexus in their latest financing round,' said Matthew Dowling, Investment Director at Lighter Capital. 'With recent growth and solid business metrics, Plexus was a perfect fit for Lighter Capital's non-dilutive financing. Automation in the legal space is one of the fastest-growing sectors in B2B SaaS, and Plexus is in a great position to capture more of the market. This raise isn't just about fuelling growth; it's about accelerating a new phase of legal innovation.' From legal tools to digital lawyers As legal workloads increase in volume and complexity, Plexus' AI-powered platform is evolving beyond workflow automation into digital lawyers that empower business teams to operate with unprecedented speed, efficiency, and impact. The platform is already used by household brands like Nike, L'Oréal, PepsiCo, Woolworths, AIA, and The Iconic to streamline everything from contract review and negotiation to compliance workflows and approvals. 'This is just the beginning,' Mellett said. 'We're building the platform in-house legal teams didn't know they needed, but won't be able to live without.' About Plexus Plexus is the Legal OS for modern enterprises, enabling teams to automate, accelerate, and scale legal work across the business through one integrated, AI-driven platform. Trusted by over 250 global organisations - including Nike, L'Oréal, Coca-Cola, Woolworths, AIA, and major government institutions - Plexus empowers legal teams and their business partners to execute faster, reduce risk, and unlock greater business value, achieving up to 60% productivity gains and reducing manual workloads by 25%. For more information, visit About Lighter Capital Lighter Capital is the pioneer in founder-friendly financing, providing hundreds of millions of dollars in over 1,000 rounds of non-dilutive financing to U.S., Canadian, and Australian tech companies since 2010. With Lighter's tech-enabled funding, which does not require the company to give up equity, founders achieve success on their terms. Beyond financing, Lighter's 'more than money' benefits provide founders access to invaluable connections within the Lighter Capital Community, over $200,000 in product discounts, and hundreds of Founders' Hub resources. For more information, visit
Yahoo
05-03-2025
- Business
- Yahoo
Returns At Plexus (NASDAQ:PLXS) Appear To Be Weighed Down
If you're looking for a multi-bagger, there's a few things to keep an eye out for. Typically, we'll want to notice a trend of growing return on capital employed (ROCE) and alongside that, an expanding base of capital employed. This shows us that it's a compounding machine, able to continually reinvest its earnings back into the business and generate higher returns. That's why when we briefly looked at Plexus' (NASDAQ:PLXS) ROCE trend, we were pretty happy with what we saw. For those who don't know, ROCE is a measure of a company's yearly pre-tax profit (its return), relative to the capital employed in the business. Analysts use this formula to calculate it for Plexus: Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets - Current Liabilities) 0.13 = US$194m ÷ (US$3.1b - US$1.6b) (Based on the trailing twelve months to December 2024). Therefore, Plexus has an ROCE of 13%. On its own, that's a standard return, however it's much better than the 10% generated by the Electronic industry. View our latest analysis for Plexus In the above chart we have measured Plexus' prior ROCE against its prior performance, but the future is arguably more important. If you're interested, you can view the analysts predictions in our free analyst report for Plexus . While the returns on capital are good, they haven't moved much. The company has consistently earned 13% for the last five years, and the capital employed within the business has risen 24% in that time. 13% is a pretty standard return, and it provides some comfort knowing that Plexus has consistently earned this amount. Over long periods of time, returns like these might not be too exciting, but with consistency they can pay off in terms of share price returns. On a separate but related note, it's important to know that Plexus has a current liabilities to total assets ratio of 51%, which we'd consider pretty high. This can bring about some risks because the company is basically operating with a rather large reliance on its suppliers or other sorts of short-term creditors. While it's not necessarily a bad thing, it can be beneficial if this ratio is lower. The main thing to remember is that Plexus has proven its ability to continually reinvest at respectable rates of return. And the stock has done incredibly well with a 102% return over the last five years, so long term investors are no doubt ecstatic with that result. So even though the stock might be more "expensive" than it was before, we think the strong fundamentals warrant this stock for further research. If you'd like to know about the risks facing Plexus, we've discovered 1 warning sign that you should be aware of. If you want to search for solid companies with great earnings, check out this free list of companies with good balance sheets and impressive returns on equity. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
13-02-2025
- Business
- Yahoo
Plexus' (NASDAQ:PLXS) Soft Earnings Are Actually Better Than They Appear
Plexus Corp.'s (NASDAQ:PLXS) earnings announcement last week didn't impress shareholders. While the headline numbers were soft, we believe that investors might be missing some encouraging factors. View our latest analysis for Plexus As finance nerds would already know, the accrual ratio from cashflow is a key measure for assessing how well a company's free cash flow (FCF) matches its profit. The accrual ratio subtracts the FCF from the profit for a given period, and divides the result by the average operating assets of the company over that time. The ratio shows us how much a company's profit exceeds its FCF. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. While having an accrual ratio above zero is of little concern, we do think it's worth noting when a company has a relatively high accrual ratio. Notably, there is some academic evidence that suggests that a high accrual ratio is a bad sign for near-term profits, generally speaking. Over the twelve months to December 2024, Plexus recorded an accrual ratio of -0.22. That indicates that its free cash flow quite significantly exceeded its statutory profit. Indeed, in the last twelve months it reported free cash flow of US$400m, well over the US$119.9m it reported in profit. Plexus shareholders are no doubt pleased that free cash flow improved over the last twelve months. However, that's not all there is to consider. We can see that unusual items have impacted its statutory profit, and therefore the accrual ratio. That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Plexus' profit was reduced by unusual items worth US$25m in the last twelve months, and this helped it produce high cash conversion, as reflected by its unusual items. In a scenario where those unusual items included non-cash charges, we'd expect to see a strong accrual ratio, which is exactly what has happened in this case. It's never great to see unusual items costing the company profits, but on the upside, things might improve sooner rather than later. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are often not repeated. And that's hardly a surprise given these line items are considered unusual. If Plexus doesn't see those unusual expenses repeat, then all else being equal we'd expect its profit to increase over the coming year. In conclusion, both Plexus' accrual ratio and its unusual items suggest that its statutory earnings are probably reasonably conservative. Based on these factors, we think Plexus' underlying earnings potential is as good as, or probably even better, than the statutory profit makes it seem! If you want to do dive deeper into Plexus, you'd also look into what risks it is currently facing. Every company has risks, and we've spotted 1 warning sign for Plexus you should know about. Our examination of Plexus has focussed on certain factors that can make its earnings look better than they are. And it has passed with flying colours. But there is always more to discover if you are capable of focussing your mind on minutiae. Some people consider a high return on equity to be a good sign of a quality business. So you may wish to see this free collection of companies boasting high return on equity, or this list of stocks with high insider ownership. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
