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.
Annual recurring revenue stands at GBP11.0 million as at June 10, up 43% from GBP7.7 million. Total annual contract value rises 40% to GBP13.3 million from GBP9.5 million.
"Our high customer retention rates and market-leading partner eco-system are a credit to both our products and services, as well as our team who make the difference. The board is encouraged by the continued progress being seen by PCI Pal and is therefore confident in the outlook and prospects for the group," Chief Executive James Barham says.
Current stock price: 62.95 pence, up 5.8% on Wednesday
12-month change: down 28%
By Abby Amoakuh; [email protected]
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