12th May 2025 11:39
(Alliance News) - IntelliAM AI PLC on Monday said it remains confident in its growth plans as it reported strong revenue growth supported by commercial traction and accelerating customer adoption.
IntelliAM AI is a South Yorkshire, England-based provider of AI-driven software solutions for the manufacturing and engineering sectors.
IntelliAM AI said total pro-forma revenue for the full year that ended March 31 rose 39% to approximately GBP3.9 million from GBP2.8 million the previous financial year.
It credited this advance to a combination of strong commercial traction and accelerating customer adoption.
Annual recurring revenue multiplied significantly when comparing the financial year-end to its half year that ended September 30.
It advanced to over GBP800,000 from GBP149,000, with IntelliAM AI noting a shift towards "sustainable, high-quality revenue streams."
IntelliAM AI said it is trading in line with market expectations.
Shares in IntelliAM AI were flat at 62.50 pence on Monday morning on London's Aquis Exchange.
Looking ahead, IntelliAM AI expressed confidence in its trajectory, with it anticipating further growth in annual recurring revenue in the current financial year.
IntelliAM AI expects to report its full-year results in July.
Chief Executive Tom Clayton commented: "The financial year ended 31 March 2025 was a breakout year for IntelliAM. With ARR increasing by more than 400% H2 over H1 and pro-forma revenue up at approximately 39% year-on-year, we are now seeing significant validation of our model.
"We remain confident in delivering on our growth plans for the year ahead and are excited by the scale of opportunity in front of us."
By Christopher Ward, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares: