12th Jan 2021 14:14
KRM22 PLC - London-based technology and software investment company - Expects to posts adjusted earnings before interest, taxes, depreciation and amortization loss of around GBP100,000 for 2020, a sharp improvement from a loss of GBP3.1 million recorded for 2019. This is as revenue rises 12% to GBP4.6 million from GBP4.1 million.
Looking ahead, it says its strengthened balance sheet and strong pipeline provides a sound financial base for 2021, highlighting an annual recurring revenue as at December 31 of GBP4.3 million. It adds it also has a near-term pipeline of a further GBP500,000 ARR of deals which are in final contract negotiations and are expected to be signed in the first quarter of 2021.
Full year results will be published on March 16.
Current stock price: 36.50 pence
Year-to-date change: flat
By Ife Taiwo; [email protected]
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