16th Sep 2020 13:34
Checkit PLC - Cambridge-based workflow management software provider - Revenue for the six months to July 31 doubled to GBP6.4 million. Pretax loss narrows year-on-year to GBP2.0 million from GBP3.1 million due to new subscription pricing strategy and cost reduction measures. Remains confident about the outlook and reinstates financial guidance. Well-funded and profitability on track despite Covid-19 recent disruption. Cash of GBP13.4 million at July 31.
Current stock price: 44.10 pence
Year-to-date change: up 30%
By Tapan Panchal; [email protected]
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