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Pci-pal (PCIP) Share News

IN BRIEF: PCI-PAL shares rise as revenue surpasses market expectations

27th Jul 2022 12:14

PCI-PAL PLC - Suffolk, England-based provider of software-as-a-service allowing companies to take payments from customers - Expects revenue growth of at least 60% to GBP11.9 million for the year ended June 30, from GBP7.4 million the year before. Estimates its adjusted pretax loss to narrow to GBP2.9 million from GBP3.5 million a year before. Says this will be ahead of market expectations. These predicted revenue of GBP11.5 million and an adjusted pretax loss of GBP3.1 million. Read More

IN BRIEF: PCI-PAL loses motion to dismiss in patent infringement case

28th Jun 2022 20:14

PCI-PAL PLC - Suffolk, England-based provider of software-as-a-service allowing companies to take payments from customers - Updates on the patent infringement claims from a competitor in the US. PCI-PAL had previously filed a motion to dismiss on the basis that the US patents of Sycurio Ltd were invalid as they are "too abstract to be patentable". Says court has now determined the company had made "strong arguments" regarding invalidity, but it could not make a final ruling on the matter at such an early stage of the proceedings. The US court date is not expected until mid-2024, and the firm is likely to resubmit the motion, along with other arguments about invalidity, later once the court process has progressed. Read More

IN BRIEF: PCI-PAL shares up as annual results to beat expectations

26th Apr 2022 11:39

PCI-PAL PLC - Suffolk, England-based provider of software-as-a-service allowing companies to take payments from customers - Releases trading update for its financial year ending June 2022. Expects better annual results than previously anticipated due to continued strong performance since the half year. Says all key business metrics are ahead of management expectations. Net revenue retention stands at 118%, while customer churn rate is less than 3%. Cash increases to GBP6.4 million, up from GBP5.5 million at the end of December 2021. Read More

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