Celebrus Technologies (CLBS)

Sector:

IT Services

Index:

FTSE AIM All-Share

215.00p
   
  • Change Today:
      2.50p
  • 52 Week High: 255.00
  • 52 Week Low: 155.00
  • Currency: UK Pounds
  • Shares Issued: 39.49m
  • Volume: 48,599
  • Market Cap: £84.91m

D4T4 ends first half in line with expectations

By Josh White

Date: Monday 24 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Data solutions specialist D4T4 said in a trading update on Monday that its first-half results were expected to be in line with management expectations, with revenues of about £8.1m, up from £7.5m.
The AIM-traded firm said its adjusted losses before tax, meanwhile, were set to have come in at £1.3m for the six months ended 30 September, swinging from a profit of £0.1m a year earlier.

It put that performance down to a continued second-half weighting, as well as ongoing investment into the business.

Annual recurring revenue increased during the period to £15.8m from £14m at the end of the prior financial year.

Of the increase, £0.4m arose from customer wins, with £1.4m arising from the period-end revaluation of annual recurring revenue contracts in foreign currency.

The board said that while a "significant proportion" of group revenues were dollar-denominated, a large part of reported revenues for the period derived from the reversal of deferred revenue balances held at the last year-end, and were thus converted to revenue at the historic rate, rather than the more favourable rates now prevailing.

D4T4 said it continued to invest into sales and marketing, including development of a direct sales channel, which it said was showing "clear signs" of being able to shorten sales cycles, building on its "strong" pipeline.

Its board said it now had an increasing number of sales opportunities in the final stages of the funnel, providing good revenue visibility and underpinning its confidence in again delivering full-year results in line with management expectations.

The cash balance at period-end was described as "robust" at £26.2m, which the board said reflected the unwind of year-end receivables, as it remained debt-free.

"Our business continues to be second half weighted as expected, but with good revenue visibility to meet management expectations for the full year," said chief executive officer Bill Bruno.

"Our continued investment in sales and marketing has created a strong direct pipeline of opportunities, which are showing promising signs of shortening the sales cycle in our business that has been historically longer.

"We continue to further our investment in driving annual recurring revenue across both the CDP and FDP products and remain focussed on executing successfully during the second half of our year."

The group said it would publish its half-year results for the six months ended 30 September on 30 November.

At 1013 BST, shares in D4T4 Solutions were down 4.38% at 240p.

Reporting by Josh White at Sharecast.com.

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CLBS Market Data

Currency UK Pounds
Share Price 215.00p
Change Today 2.50p
% Change 1.18 %
52 Week High 255.00
52 Week Low 155.00
Volume 48,599
Shares Issued 39.49m
Market Cap £84.91m

CLBS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
23.31% above the market average23.31% above the market average23.31% above the market average23.31% above the market average23.31% above the market average
23.40% above the sector average23.40% above the sector average23.40% above the sector average23.40% above the sector average23.40% above the sector average
Income Not Available
Growth
82.28% below the market average82.28% below the market average82.28% below the market average82.28% below the market average82.28% below the market average
97.73% below the sector average97.73% below the sector average97.73% below the sector average97.73% below the sector average97.73% below the sector average

CLBS Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Dec-23 20-Jul-23
Paid 12-Jan-24 25-Aug-23
Amount 0.92p 2.15p

Trades for 28-Mar-2024

Time Volume / Share Price
16:21 1,000 @ 212.75p
15:41 401 @ 212.60p
15:41 2,978 @ 219.00p
15:40 42 @ 220.00p
15:40 42 @ 220.00p

CLBS Key Personnel

CEO Bill Bruno
CFO Ashoni (Ash) Kumar Mehta

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