Crimson Tide (TIDE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

161.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 325.00
  • 52 Week Low: 135.00
  • Currency: UK Pounds
  • Shares Issued: 6.57m
  • Volume: 2,107
  • Market Cap: £10.59m
  • RiskGrade: 209

Crimson Tide profits surge in bumper first half

By Josh White

Date: Friday 18 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Mobility software company Crimson Tide reported a 40% improvement in turnover in its first half on Friday, to £1.77, with Sales of £0.23m and cost of goods sold of £0.12m recognised due to IFRS 15.
The AIM-traded firm said its profit before tax rocketed 154% year-on-year for the six months ended 30 June, to £0.26m.

EBITDA was ahead 72% at £0.47m, with the board describing a "strong" improvement in its net cash position, rising £1.05m from £0.49m a year earlier.

Looking at its operations, Crimson Tide said its strategic focus on transportation, and supermarkets and convenience stores, was succeeding.

It signed a new long term contract with a large neighbourhood retailer during the period, adding to revenue visibility in the second half and beyond.

The board said it was also increasing the quality of its retained client book, and said partnerships were improving its routes-to-market and scalability, shortening the new business sales cycle.

"Crimson Tide performed exceptionally well in all areas of the business in the first half," said founder and chairman Barrie Whipp.

"All of our management metrics were achieved and we continued to add quality, long term subscription revenues."

Whipp said the firm's product development continued, driven by opportunities within both its existing and potential customer base.

"The business is set fair for future growth and profitability."

At 1100 BST, shares in Crimson Tide were up 2.78% at 3.7p.

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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.

 

Crimson Tide Market Data

Currency UK Pounds
Share Price 161.00p
Change Today 1.00p
% Change 0.63 %
52 Week High 325.00
52 Week Low 135.00
Volume 2,107
Shares Issued 6.57m
Market Cap £10.59m
RiskGrade 209

Crimson Tide Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
50.17% below the market average50.17% below the market average50.17% below the market average50.17% below the market average50.17% below the market average
28% below the sector average28% below the sector average28% below the sector average28% below the sector average28% below the sector average
Income Not Available
Growth
8.65% above the market average8.65% above the market average8.65% above the market average8.65% above the market average8.65% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average

Crimson Tide Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
11:54 107 @ 157.50p
08:41 2,000 @ 157.50p

Crimson Tide Key Personnel

Finance Director Shaun Mullen

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