Essensys (ESYS)

Sector:

IT Services

Index:

FTSE AIM All-Share

19.50p
   
  • Change Today:
    -0.75p
  • 52 Week High: 61.00
  • 52 Week Low: 19.00
  • Currency: UK Pounds
  • Shares Issued: 64.68m
  • Volume: 25,020
  • Market Cap: £12.61m
  • RiskGrade: 252

Essensys interim revenues grow thanks to 'strong' US growth

By Iain Gilbert

Date: Tuesday 18 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Software-as-a-service provider Essensys said on Tuesday that first-half revenues had grown thanks to some "strong growth" in its US operations.
Essensys reported a 19% increase in revenues to ?11.4m for the six months ended 31 January, with recurring revenues also improving 29% to ?9.7m. Recurring revenues made up 85% of the total revenues.

The AIM-listed group said full-year adjusted earnings before interest, tax, depreciation and amortisation were also expected to meet expectations at ?1.8m. Despite being on track with guidance, that figure will will be a 10% year-on-year decline.

Essensys said the fall was a result of investments in sales and marketing, product development and the expansion of its US division.

Net cash at the end of the half was ?1.7m - slightly ahead of the board's expectations.

Chief executive Mark Furness said: "I am pleased to report continued good progress across our business, with strong sales momentum and a rapidly expanding US business underpinning our long-term growth ambitions.

"This strong first half performance, supported by the number of contracted new Connect sites currently in delivery and a healthy pipeline underpins the board's confidence that full-year results will be in line with market expectations."

As of 1010 GMT, Essensys shares were up 3.91% at 239p.

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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.

 

Essensys Market Data

Currency UK Pounds
Share Price 19.50p
Change Today -0.75p
% Change -3.70 %
52 Week High 61.00
52 Week Low 19.00
Volume 25,020
Shares Issued 64.68m
Market Cap £12.61m
RiskGrade 252

Essensys Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.54% above the market average11.54% above the market average11.54% above the market average11.54% above the market average11.54% above the market average
47.62% above the sector average47.62% above the sector average47.62% above the sector average47.62% above the sector average47.62% above the sector average
Price Trend
80.69% below the market average80.69% below the market average80.69% below the market average80.69% below the market average80.69% below the market average
85.11% below the sector average85.11% below the sector average85.11% below the sector average85.11% below the sector average85.11% below the sector average
Income Not Available
Growth
25.67% below the market average25.67% below the market average25.67% below the market average25.67% below the market average25.67% below the market average
31.82% below the sector average31.82% below the sector average31.82% below the sector average31.82% below the sector average31.82% below the sector average

Essensys Dividends

No dividends found

Trades for 28-Mar-2024

Time Volume / Share Price
16:13 1 @ 20.00p
16:01 17,766 @ 19.70p
15:32 1,319 @ 19.00p
14:35 5,000 @ 20.00p
11:07 2 @ 20.50p

Essensys Key Personnel

CEO Mark Furness
CFO Sarah Harvey

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