Getbusy (GETB)

Sector:

IT Services

Index:

FTSE AIM All-Share

64.73p
   
  • Change Today:
      0.23p
  • 52 Week High: 79.00p
  • 52 Week Low: 53.25p
  • Currency: UK Pounds
  • Shares Issued: 50.57m
  • Volume: 3,561
  • Market Cap: £32.73m
  • RiskGrade: 222

GetBusy starts year strongly as recurring revenues rise

By Josh White

Date: Thursday 06 May 2021

LONDON (ShareCast) - (Sharecast News) - Document management and productivity software company GetBusy said on Thursday that the new year had started "well", with recurring revenue in the four months ended 30 April up 12% year-on-year, and total revenue ahead 10%, both on a constant currency basis.

The AIM-traded firm, which was holding its annual general meeting, said its balance sheet remained strong, with net cash of £2.1m at 30 April, and the £2m loan facility remaining entirely undrawn.

It said SmartVault had led the recurring revenue growth, with a 44% increase in the value of new business over the four month period.

"Encouragingly, the average selling price of new business has been over 40% higher per customer than the same period in 2020, reflecting early success in the board's strategy to broaden SmartVault's appeal to larger clients," the board said in its statement.

"Virtual Cabinet celebrated a significant new customer win in the insolvency and restructuring space, underlining the increasing strength of its credentials in that very buoyant sector."

GetBusy said its annualised recurring revenue for the GetBusy product had grown by more than 50% over the period from the "relatively low base" as at 31 December.

"The GetBusy product has now launched within NetSuite's SuiteApps store.

"Current efforts are directed towards building our relationships with NetSuite's own sales teams and its substantial partner network to build brand awareness and articulate the value the product provides."

At 0907 BST, shares in GetBusy were up 4.62% at 102p.

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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 64.73p
Change Today 0.23p
% Change 0.35 %
52 Week High 79.00p
52 Week Low 53.25p
Volume 3,561
Shares Issued 50.57m
Market Cap £32.73m
RiskGrade 222

Getbusy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
68.3% below the market average68.3% below the market average68.3% below the market average68.3% below the market average68.3% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average
Price Trend
33.03% above the market average33.03% above the market average33.03% above the market average33.03% above the market average33.03% above the market average
31.91% above the sector average31.91% above the sector average31.91% above the sector average31.91% above the sector average31.91% above the sector average
Income Not Available
Growth
0.14% below the market average0.14% below the market average0.14% below the market average0.14% below the market average0.14% 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
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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