7th Apr 2025 14:10
(Alliance News) - KRM22 PLC on Monday reported the signing of two new customer contracts for its Limits Manager application, with a total value of GBP800,000.
The London-based technology and software investment company focused on risk management for capital markets said the contracts cover a two and three year period respectively, and was signed with two existing "major" futures commission merchants.
Since the launch of the Limits Manager application in early 2022, KRM22 has achieved GBP1.6 million in annualised recurring revenue, via ten separate FCM customers.
The two new contract wins increase the firm's ARR on Monday by GBP300,000 to a total of GBP7.3 million.
KRM22 noted this increase underpins its full-year revenue forecasts, and is in line with existing market consensus for GBP7.9 million in ARR by the end of 2025.
"These new contract wins for Limits Manager demonstrate the continued demand for KRM22's enhanced risk solutions. With ARR increasing to GBP7.3 million, we remain on track to achieve our end-of-year target and progress towards building a cash-generative, profitable business," said Chief Executive Officer Dan Carter.
Shares in KRM22 were up 3.8% at 26.98 pence each in London on Monday afternoon. The stock is up 42% over the past year.
By Emily Parsons, Alliance News reporter
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