Craneware (CRW)

Sector:

Health Care

Index:

FTSE AIM 100

2,480.00p
   
  • Change Today:
    150.00p
  • 52 Week High: 2,529.20p
  • 52 Week Low: 1,510.00p
  • Currency: UK Pounds
  • Shares Issued: 35.41m
  • Volume: 230,991
  • Market Cap: £878.14m
  • RiskGrade: 185

Craneware profits fall despite rise in revenue

By Josh White

Date: Monday 06 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Healthcare technology company Craneware reported a 6% increase in first-half revenues on Monday to $84.7m, with adjusted EBITDA growing 8% to $25.5m.
The AIM-traded firm said that despite the growth, its adjusted profit before tax for the six months ended 31 December decreased to $15.7m, from $17.1m in the first half of the 2022 financial year.

Its profit before tax also decreased to $5.2m, from $6.2m year-on-year.

Craneware attributed the decrease to the impact of increased interest rates, which led to adjusted basic earnings per share of 41.0 cents, compared to 43.5 cents per share a year earlier.

The firm also reported annual recurring revenue of $166.4m, which the board said demonstrated its continued high levels of contracted revenue visibility.

Its cash reserves stood at $38.6m at period end, down from $41.7m on the year, while total bank debt was $107.9m, down from $114.6m.

Looking ahead, Craneware said it was confident that it had the "building blocks" in place for growth acceleration, as current pressures within the US healthcare market abated.

The company also said it was confident in delivering results for the year in line with current consensus.

"We remain acutely conscious of the ongoing challenges faced by our customers and partners, in particular the impact of inflationary pressures and staffing shortages," said chief executive officer Keith Neilson.

"The pressures they are experiencing strengthens our commitment to providing the tools to more accurately manage their operations and finances, as we seek to transform the business of US healthcare together."

Neilson described Craneware as "financially strong", with "healthy" cash reserves and a "solid foundation" of annual recurring revenue.

"This, combined with our market leading solutions, breadth of customer base, the scale of data flowing through our platform and the industry drive to achieve better value in healthcare, means we remain confident in our ability to deliver acceleration in our growth rates as the current pressures within the US healthcare market abate."

At 1330 GMT, shares in Craneware were up 0.2% at 1,503p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Craneware Market Data

Currency UK Pounds
Share Price 2,480.00p
Change Today 150.00p
% Change 6.44 %
52 Week High 2,529.20p
52 Week Low 1,510.00p
Volume 230,991
Shares Issued 35.41m
Market Cap £878.14m
RiskGrade 185

Craneware Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.28% below the market average99.28% below the market average99.28% below the market average99.28% below the market average99.28% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
50.03% above the market average50.03% above the market average50.03% above the market average50.03% above the market average50.03% above the market average
71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average71.43% above the sector average
Income
94.69% below the market average94.69% below the market average94.69% below the market average94.69% below the market average94.69% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Growth
42.95% above the market average42.95% above the market average42.95% above the market average42.95% above the market average42.95% above the market average
25.71% below the sector average25.71% below the sector average25.71% below the sector average25.71% below the sector average25.71% below the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Craneware Dividends

  Latest Previous
  Final Interim
Ex-Div 27-Nov-25 20-Mar-25
Paid 18-Dec-25 17-Apr-25
Amount 18.50p 13.50p

Trades for 16-Sep-2025

Time Volume / Share Price
14:00 400 @ 2,494.40p
13:54 19 @ 2,494.40p
13:45 12 @ 2,465.00p
13:45 287 @ 2,465.00p
13:36 10 @ 2,500.00p

Craneware Key Personnel

CEO Keith Neilson

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