Crimson Tide (TIDE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 160.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 320.00
  • 52 Week Low: 135.00
  • Currency: UK Pounds
  • Shares Issued: 6.57m
  • Volume: 11,611
  • Market Cap: £10.52m
  • RiskGrade: 209

Crimson Tide scores additions and extensions to existing contracts

By Iain Gilbert

Date: Tuesday 10 Oct 2023

LONDON (ShareCast) - (Sharecast News) - Software firm Crimson Tide said on Tuesday that it had extended its reach into educational catering and the Irish Government with additions and extensions to existing contracts.
Crimson Tide has been working with "one of the UK's leading educational catering providers" to digitise food safety logbooks. Initially piloted in 50 locations, this increased to 650 in January 2022 and has now been extended to 950 sites across the UK.

The AIM-listed company said the latest expansion represented a 50% increase in the monthly recurring revenues of that contract, taking the total contracted revenue, which still had 20 months to run, to £270,000.

In addition, Crimson Tide reported a new contract with an existing government body in Ireland that included a 56% increase in MRR, raising the total value of the new three-year contract to over €460,000.

Chairman Barrie Whipp said: "Clients extending and expanding their partnership with mpro5 reinforces the value we add to our clients and the benefits they see across their organisations.

"Building long-term relationships with customers, in multiple sectors, supports our message that mpro5 is a scalable solution that can be tailored to many client needs in compliance, auditing, and verification."

As of 1000 BST, Crimson Tide shares were up 9.30% at 2.02p.





Reporting by Iain Gilbert at Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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 160.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 320.00
52 Week Low 135.00
Volume 11,611
Shares Issued 6.57m
Market Cap £10.52m
RiskGrade 209

Crimson Tide Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
12.14% above the market average12.14% above the market average12.14% above the market average12.14% above the market average12.14% above the market average
8.33% above the sector average8.33% above the sector average8.33% above the sector average8.33% above the sector average8.33% above the sector average
Price Trend
54.7% below the market average54.7% below the market average54.7% below the market average54.7% below the market average54.7% below the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Income Not Available
Growth
35.60% above the market average35.60% above the market average35.60% above the market average35.60% above the market average35.60% above the market average
4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average4.00% above the sector average

Crimson Tide Dividends

No dividends found

Trades for 24-Apr-2024

Time Volume / Share Price
09:25 5,000 @ 160.00p
09:20 6,000 @ 161.44p
09:58 608 @ 156.20p
09:05 3 @ 164.00p

Crimson Tide Key Personnel

Finance Director Shaun Mullen
CEO Philip ('Phil') Douglas James Meyers

Top of Page