23rd Mar 2022 12:31
TPXimpact Holdings PLC - London-based IT consulting - Acquires data science services and analytics consultancy form Peak Indicators Ltd and open data consultancy specialist Swirrl IT Ltd. Says the companies will form its AI & Data capability.
Says the price for Peak Indicators is GBP3.5 million with GBP1.4 million to be paid in cash and GBP2.1 million to be satisfied through 938,888 shares. Continues that the price for Swirrl is GBP3.2 million with GBP1.2 million payable in cash and GBP2.0 million to be satisfied through the issue of 888,888 shares in TPXimpact.
Says the additional revenue of the acquisitions puts it on track to hit its financial 2023 run-rate revenue target of GB100 million around a year ahead of plan.
Revenue for the year ending March 31, is anticipated to be in line with market expectations.
Market expectations for financial 2022 revenue are GBP78.8 million. For financial 2023 they are GBP91.2 million.
Current stock price: 200.00 pence, up 25% on Wednesday
12-month change: down 23%
By Abby Amoakuh; [email protected]
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