Crimson Tide (TIDE)

Sector:

IT Hardware

Index:

FTSE AIM All-Share

 152.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 325.00
  • 52 Week Low: 135.00
  • Currency: UK Pounds
  • Shares Issued: 6.57m
  • Volume: 0
  • Market Cap: £10.03m
  • RiskGrade: 209

Crimson Tide swings to positive earnings in first half

By Josh White

Date: Monday 25 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Crimson Tide reported a 30.9% improvement in revenue in its first half on Monday, to £3m, while annual recurring revenue jumped 35.1% year-on-year to £5.9m.
The AIM-traded firm said its gross margin for the six months ended 30 June came in at 84.3%, slightly down from 84.5% in the first half of 2022.

Its EBITDA meanwhile swung from a loss of £0.3m in the first six months of 2022 to a profit of £0.1m in the first half of this year.

From an operational perspective, the company said it maintained a consistent growth trajectory in core recurring revenue.

Looking ahead, Crimson Tide said it was making continued investments in product development and expanding its foothold in the US market.

Additionally, it said it had made notable progress in its partnership strategy, further solidifying its growth prospects.

"Progress in the first half of the year has been positive," said founder and chairman Barrie Whipp.

"We have experienced strong revenue growth, and we have returned to EBITDA profitability as planned.

"Annual recurring revenue has increased significantly, and our pipeline has some very exciting opportunities."

At 1300 BST, shares in Crimson Tide were down 22.68% at 1.7p.

Reporting by Josh White for Sharecast.com.

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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.

 

Crimson Tide Market Data

Currency UK Pounds
Share Price 152.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 325.00
52 Week Low 135.00
Volume 0
Shares Issued 6.57m
Market Cap £10.03m
RiskGrade 209

Crimson Tide Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.23% above the market average17.23% above the market average17.23% above the market average17.23% above the market average17.23% above the market average
4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average4.35% below the sector average
Price Trend
65.55% below the market average65.55% below the market average65.55% below the market average65.55% below the market average65.55% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average
Income Not Available
Growth
6.97% above the market average6.97% above the market average6.97% above the market average6.97% above the market average6.97% above the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average

Crimson Tide Dividends

No dividends found

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Crimson Tide Key Personnel

Finance Director Shaun Mullen

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