Eagle Eye Solutions Group (EYE)

Sector:

IT Services

Index:

FTSE AIM All-Share

545.00p
   
  • Change Today:
    -17.50p
  • 52 Week High: 590.00
  • 52 Week Low: 440.00
  • Currency: UK Pounds
  • Shares Issued: 29.61m
  • Volume: 17,097
  • Market Cap: £161.39m
  • RiskGrade: 147

Eagle Eye lifts expectations amid strong trading

By Josh White

Date: Friday 20 May 2022

LONDON (ShareCast) - (Sharecast News) - Marketing software-as-a-service provider Eagle Eye reported "continued positive trading performance" in an update on Friday, raising its forecasts for revenue and earnings.
The AIM-traded firm said a notable development since its interim results in March was the "go-live" of a national grocer in the United States, announced in January and secured with its partner Neptune Retail Solutions.

As a result, the board now expected revenues and adjusted EBITDA for the year ending 30 June to be ahead of current market expectations by about 7% and 10%, respectively.

Eagle Eye said it had benefited from "significant" new customer wins across multiple geographies, the accelerated ability to take customers live, deepening relationships with existing customers, and the impact of the lifting of Covid-19 restrictions.

The board said the company was continuing to benefit from the strength of its software-as-a-service model, having reported annual recurring revenue of £18.9m, net revenue retention of 130%, and churn of 0.04% at the interim results.

Its directors said they were "confident" in reporting continued positive progress for the 2022 financial year.

"We are delighted to have taken one of the largest grocery retailers in the US live on the AIR platform so quickly, providing us with another fantastic demonstration of the relevance of our combined offering with Neptune in this substantial market," said chief executive officer Tim Mason.

"Our ability to deliver personalised, one-to-one marketing at scale is resonating with retailers around the world, as they seek to accelerate their digital marketing strategies.

"This successful go-live and growing momentum in the business, combined with the underlying strength of our software-as-a-service metrics and record new business pipeline, all combine to underpin the board's confidence in our outperformance in the current year and prospects for sustained growth."

Eagle Eye said it would further update the market on its trading for the year in July, ahead of the release of audited final results in September.

At 1149 BST, shares in Eagle Eye Solutions Group were up 8.33% at 455p.

Reporting by Josh White 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.

 

EYE Market Data

Currency UK Pounds
Share Price 545.00p
Change Today -17.50p
% Change -3.11 %
52 Week High 590.00
52 Week Low 440.00
Volume 17,097
Shares Issued 29.61m
Market Cap £161.39m
RiskGrade 147

EYE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.92% below the market average93.92% below the market average93.92% below the market average93.92% below the market average93.92% below the market average
88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average88.24% below the sector average
Price Trend
39.54% above the market average39.54% above the market average39.54% above the market average39.54% above the market average39.54% above the market average
34.04% above the sector average34.04% above the sector average34.04% above the sector average34.04% above the sector average34.04% above the sector average
Income Not Available
Growth
96.46% above the market average96.46% above the market average96.46% above the market average96.46% above the market average96.46% above the market average
97.73% above the sector average97.73% above the sector average97.73% above the sector average97.73% above the sector average97.73% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

EYE Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
15:59 17 @ 544.00p
15:56 169 @ 540.10p
15:45 27 @ 545.00p
15:40 50 @ 550.00p
15:40 152 @ 550.00p

EYE Key Personnel

CFO Lucy Sharman-Munday
CEO Timothy J R Mason

Top of Page