Getbusy (GETB)

Sector:

IT Services

Index:

FTSE AIM All-Share

 64.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 79.00
  • 52 Week Low: 53.25
  • Currency: UK Pounds
  • Shares Issued: 50.57m
  • Volume: 8,561
  • Market Cap: £32.62m
  • RiskGrade: 222

Getbusy set to beat full-year revenue expectations after strong interims

By Duncan Ferris

Date: Tuesday 23 Jul 2019

LONDON (ShareCast) - (Sharecast News) - Getbusy's shares leapt on Tuesday after it slashed its interim loss, as revenue increased following paid customer growth, putting the company on course to beat full-year revenue expectations.
The document management and communication software developer reported a loss before tax of £0.6m for the six months ended 30 June - a 14% improvement on the same period the year before - as revenue pushed up 19% to £6.2m and recurring revenue climbed 20% to £5.4m.

This increase came after a 12% rise in paid customers due to the growing popularity of the AIM-traded company's 'Virtual Cabinet' and 'SmartVault' products.

As a result, Getbusy said full-year revenue was now likely to beat expectations as it plans to continue to build out product functionality and build its base of active users in the second half.

Daniel Rabie, chief executive of GetBusy, said: "We have consistently acquired new users across our products and have monetised our existing customer base better by delivering more valuable product features.

"The strong start to the year and the momentum that we have built has given us confidence that revenue for 2019 will be ahead of current market expectations."

Analysts at Liberum hiked their price target for the stock from 52p to 56p as they argued that the results were stronger than expected due to higher customer numbers and good cost control, adding that the highly profitable Virtual Cabinet business is worth more than the current group market value.

Getbusy's shares were up 31.03% at 38.00p at 1228 BST.

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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.

 

Getbusy Market Data

Currency UK Pounds
Share Price 64.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 79.00
52 Week Low 53.25
Volume 8,561
Shares Issued 50.57m
Market Cap £32.62m
RiskGrade 222

Getbusy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.52% below the market average68.52% below the market average68.52% below the market average68.52% below the market average68.52% below the market average
67.06% below the sector average67.06% below the sector average67.06% below the sector average67.06% below the sector average67.06% below the sector average
Price Trend
32.91% above the market average32.91% above the market average32.91% above the market average32.91% above the market average32.91% above the market average
25.53% above the sector average25.53% above the sector average25.53% above the sector average25.53% above the sector average25.53% above the sector average
Income Not Available
Growth
0.35% below the market average0.35% below the market average0.35% below the market average0.35% below the market average0.35% below the market average
13.64% above the sector average13.64% above the sector average13.64% above the sector average13.64% above the sector average13.64% above the sector average

Getbusy Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
14:00 5,000 @ 65.00p
14:00 3,177 @ 65.00p
14:00 1,823 @ 65.00p
11:00 3,561 @ 65.00p
11:00 3,561 @ 65.00p

Getbusy Key Personnel

CEO Daniel Adam Rabie
CFO Paul Haworth

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