By Iain Gilbert
Date: Wednesday 27 Oct 2021
LONDON (ShareCast) - (Sharecast News) - Software-as-a-Service provider Essensys said on Tuesday that full-year actual currency revenue and adjusted underlying earnings were both expected to be in line with consensus estimates.
Revenue, at actual currency, was in line at £22.0m, down from £22.5m a year earlier, with recurring revenue representing 87% of total income at £19.1m.
On a constant currency basis, group revenues increased 2% to £22.9m and recurring revenue increased from £19.4m to £19.8m.
During the year, Essensys stated it had continued to deliver new customer sites and closed the financial year with 474 live Connect sites, an increase of 13% year-on-year, and has an additional 28 new sites contracted.
Chief executive Mark Furness said: "Essensys has made great progress this year, delivering results in line with expectations, continued growth in recurring revenues, and the addition of a number of new strategic customers. This reflects the long-term structural drivers for flexible real estate offerings, which have been accelerated by Covid-19.
"We have a clear plan to capture this market opportunity, reflected in our recent placing to raise £32.0m and early progress with our expansion in Asia Pacific."
As of 1010 BST, Essensys shares were down 1.28% to 302.08p.
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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 |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
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 |
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