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IN BRIEF: Checkit Buys Tutela Monitoring Systems For USD850,000

Thu, 04th Feb 2021 13:53

Checkit PLC - Cambridge-based workflow management software provider - Acquires its Florida, US-based sole distributor Tutela Monitoring Systems LLC for upfront total cash of USD850,000. Notes this includes USD250,000 paid at the date of completion. Says Checkit UK Ltd, a subsidiary of Checkit, intends to utilise Tutela, provider of wireless temperature monitoring systems, as a platform to pursue all industries and verticals targeted by Checkit.

"The acquisition serves to accelerate the group's US expansion plans, providing a footprint and an opportunity to add further scale. The directors believe that, based on relative population sizes, the US represents an addressable market around five times larger than the UK, and therefore believe the acquisition represents a significant milestone in its growth strategy," says Checkit.

Additionally, Checkit appoints Kit Kyte as UK chief commercial officer to lead the sales, marketing and commercial operations functions. Kyte was previously with New York-based professional services firm Genpact Ltd. Steve Peck joins as managing director of Checkit Inc, including newly acquired Tutela. He is based in Texas and had been with Oracle NetSuite, part of Oracle Corp.

Current stock price: 50.00 pence

Year-to-date change: down 2.0%

By Zoe Wickens; zoewickens@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
14 Mar 2024 15:45

Director dealings: Checkit chairman raises stake

(Sharecast News) - Checkit revealed on Thursday that chairman Keith Daley had acquired 250,000 ordinary shares in the AIM-listed software and solutions business.

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15 Feb 2024 12:47

Checkit ends financial year in line with expectations

(Sharecast News) - Mobile worker software specialist Checkit reported a 16% increase in annual recurring revenue in a trading update on Thursday, to £13.3m for the financial year just ended, meeting expectations.

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15 Feb 2024 12:06

Checkit shares fall despite eyeing narrowed loss and revenue growth

(Alliance News) - Checkit PLC on Thursday reported "good visibility" for the future as it expects to announce higher annual revenue and a narrowed loss.

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14 Sep 2023 11:13

Checkit eyes outperformance of market consensus; interim loss narrows

(Alliance News) - Checkit PLC on Thursday said it expects to deliver an operating performance ahead of market expectations for the current financial year that ends on January 31, 2024, as it reported a narrowed half-year loss.

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7 Sep 2023 15:46

UK earnings, trading statements calendar - next 7 days

Friday 8 September 
Berkeley Group Holdings PLCTrading Statement
Byotrol PLCFull Year Results
Computacenter PLCHalf Year Results
EJF Investments LtdHalf Year Results
Petershill Partners PLCHalf Year Results
Monday 11 September 
Engage XR Holdings PLCHalf Year Results
Inspired PLCHalf Year Results
MP Evans Group PLCHalf Year Results
Vistry Group PLCHalf Year Results
WANdisco PLC
Half Year Results
Tuesday 12 September 
Associated British Foods PLCTrading Statement
Cornerstone FS PLCHalf Year Results
Creo Medical Group PLCHalf Year Results
Digital 9 Infrastructure PLCHalf Year Results
Dowlais Group PLCHalf Year Results
Eleco PLCHalf Year Results
Equals Group PLCHalf Year Results
Feedback PLCFull Year Results
Fevertree Drinks PLCHalf Year Results
Gym Group PLCHalf Year Results
Harworth Group PLCHalf Year Results
hVIVO PLCHalf Year Results
IQE PLCHalf Year Results
Itaconix PLCHalf Year Results
JTC PLCHalf Year Results
Keywords Studios PLCHalf Year Results
Mattioli Woods PLCFull Year Results
Ocean Harvest Technology Group PLCHalf Year Results
Petra Diamonds LtdFull Year Results
Property Franchise Group PLCHalf Year Results
Regional REIT LtdHalf Year Results
Smart Metering Systems PLCHalf Year Results
Wednesday 13 September 
abrdn Smaller Companies Income Trust PLCHalf Year Results
Argentex Group PLCHalf Year Results
Brave Bison Group PLCHalf Year Results
Burford Capital LtdHalf Year Results
CAB Payments Holdings PLCHalf Year Results
Central Asia Metals PLCHalf Year Results
Frontier Developments PLCFull Year Results
Made Tech Group PLCFull Year Results
On The Beach Group PLCTrading Statement
Pan African Resources PLCFull Year Results
Pharos Energy PLCHalf Year Results
Ricardo PLCFull Year Results
Star Energy Group PLCHalf Year Results
Tullow Oil PLCHalf Year Results
Thursday 14 September 
Arecor Therapeutics PLCHalf Year Results
Brooks Macdonald Group PLCFull Year Results
Capricorn Energy PLCHalf Year Results
Checkit PLCHalf Year Results
Churchill China PLCHalf Year Results
Foresight Solar Fund LtdHalf Year Results
Glenveagh Properties PLCHalf Year Results
IG Group Holdings PLCTrading Statement
Keystone Law Group PLCHalf Year Results
Kier Group PLCFull Year Results
M&C Saatchi PLCHalf Year Results
MJ Gleeson PLCFull Year Results
Oakley Capital Investments LtdHalf Year Results
Renishaw PLCFull Year Results
Spire Healthcare Group PLCHalf Year Results
THG PLCHalf Year Results
Trainline PLCTrading Statement
Uniphar PLCHalf Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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10 Aug 2023 14:38

TRADING UPDATES: Aterian granted 10 exploration licences in Morocco

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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3 Aug 2023 15:44

UK earnings, trading statements calendar - next 7 days

Friday 4 August 
Capita PLCHalf Year Results
Renewables Infrastructure Group LtdHalf Year Results
WPP PLCHalf Year Results
Monday 7 August 
HydrogenOne Capital Growth PLCTrading Statement
Kosmos Energy LtdHalf Year Results
PageGroup PLCHalf Year Results
Tuesday 8 August 
abrdn PLCHalf Year Results
Glencore PLCHalf Year Results
H&T Group PLCHalf Year Results
InterContinental Hotels Group PLCHalf Year Results
IWG PLCHalf Year Results
Quilter PLCHalf Year Results
Rotork PLCHalf Year Results
SDI Group PLCFull Year Results
SIG PLCHalf Year Results
TI Fluid Systems PLCHalf Year Results
Zotefoams PLCHalf Year Results
Wednesday 9 August 
4imprint Group PLCHalf Year Results
Arix Bioscience PLCHalf Year Results
Bank of Cyprus Holdings PLCHalf Year Results
Bellway PLCTrading Statement
CLS Holdings PLCHalf Year Results
CML Microsystems PLCTrading Statement
Coca-Cola HBC AGHalf Year Results
Flutter Entertainment PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Hill & Smith PLCHalf Year Results
Hiscox LtdHalf Year Results
MaxCyte IncHalf Year Results
Polymetal International PLCTrading Statement
RM PLCHalf Year Results
Secure Trust Bank PLCHalf Year Results
TP ICAP Group PLCHalf Year Results
Tui AGQ3 Results
Vaalco Energy IncHalf Year Results
Thursday 10 August 
Allianz Technology Trust PLCHalf Year Results
Antofagasta PLCHalf Year Results
Atalaya Mining PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
Checkit PLCTrading Statement
Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
Lancashire Holdings LtdHalf Year Results
Ocean Wilsons Holdings LtdHalf Year Results
OSB Group PLCHalf Year Results
Persimmon PLCHalf Year Results
Redcentric PLCFull Year Results
Riverstone Credit Opportunities Income PLCHalf Year Results
S&U PLCTrading Statement
Savills PLCHalf Year Results
Spirax-Sarco Engineering PLCHalf Year Results
Videndum PLCHalf Year Results
Watches of Switzerland Group PLCTrading Statement
Wheaton Precious Metals CorpHalf Year Results
Zoo Digital Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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20 Jul 2023 16:16

UK earnings, trading statements calendar - next 7 days

Friday 21 July 
Close Brothers PLCTrading Statement
Glencore PLCTrading Statement
Petershill Partners PLCTrading Statement
Thruvision Group PLCFull Year Results
Monday 24 July 
discoverIE Group PLCTrading Statement
Cranswick PLCTrading Statement
Glantus Holdings PLCTrading Statement
MoneySupermarket.com PLCHalf Year Results
Ryanair Holdings PLCQ1 Results
Science Group PLCHalf Year Results
Shanta Gold LtdTrading Statement
South32 LtdTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 25 July 
City of London Investment Group PLCTrading Statement
Compass Group PLCTrading Statement
Croda International PLCHalf Year Results
Games Workshop Group PLCFull Year Results
Greencore Group PLCTrading Statement
Hummingbird Resources PLCTrading Statement
MITIE Group PLCTrading Statement
Paragon Banking Group PLCTrading Statement
Reach PLCHalf Year Results
Smart Metering Systems PLCTrading Statement
Tristel PLCTrading Statement
Tyman PLCHalf Year Results
Unilever PLCHalf Year Results
Unite Group PLCHalf Year Results
Wednesday 26 July 
Aptitude Software Group PLCHalf Year Results
Breedon Group PLCHalf Year Results
Conduit Holdings LtdHalf Year Results
Ecora Resources PLCTrading Statement
Fresnillo PLCTrading Statement
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Gresham Technologies PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Lloyds Banking Group PLCHalf Year Results
Marston's PLCTrading Statement
Nichols PLCHalf Year Results
Primary Health Properties PLCHalf Year Results
Rathbones Group PLCHalf Year Results
Rio Tinto PLCHalf Year Results
Science Group PLCHalf Year Results
Van Elle Holdings PLCFull Year Results
Thursday 27 July 
Allianz Technology Trust PLCHalf Year Results
Antofagasta PLCHalf Year Results
Capital & Regional PLCHalf Year Results
Card Factory PLCTrading Statement
Checkit PLCTrading Statement
Deliveroo PLCHalf Year Results
Derwent London PLCHalf Year Results
Entain PLCHalf Year Results
Global Connectivity PLCHalf Year Results
Hostelworld Group PLCHalf Year Results
HydrogenOne Capital Growth PLCTrading Statement
Lancashire Holdings LtdHalf Year Results
OSB Group PLCHalf Year Results
Persimmon PLCHalf Year Results
Petrofac LtdHalf Year Results
Redcentric PLCFull Year Results
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Savills PLCHalf Year Results
Secure Trust Bank PLCHalf Year Results
Spirax-Sarco Engineering PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

Read more
1 Jun 2023 15:52

UK shareholder meetings calendar - next 7 days

Friday 2 June 
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Conduity Capital PLCGM re future direction of the company
Kibo Energy PLCEGM re renewal of director authorisations to issue shares
Mirriad Advertising PLCGM re new ordinary shares admitted to trading on AIM
Purplebricks Group PLCGM re proposed sale of business & assets to Strike Ltd
Monday 5 June 
EnQuest PLCAGM
Tuesday 6 June 
Billington Holdings PLCAGM
Mast Energy Developments PLCAGM
NB Global Monthly Income Fund LtdAGM
Tasty PLCAGM
WANdisco PLCGM re new shares authorisation and fundraise
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Gem Diamonds LtdAGM
Gulf Marine Services PLCAGM
Hostmore PLCAGM
LXi REIT PLCAGM
Pennant International Group PLCAGM
Third Point Investors LtdAGM
United Oil & Gas PLCAGM
Xpediator PLCGM re takeover by DLM Bidco
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Camellia PLCAGM
Checkit PLCAGM
Churchill China PLCAGM
CRH PLCCourt Meeting and EGM re proposal to transfer the company's primary listing to NYSE
Downing Renewables & Infrastructure Trust PLCAGM
Fair Oaks Income LtdAGM
Fusion Antibodies PLCGM re result of retail offer
Genflow Biosciences PLCAGM
Glenveagh Properties PLCAGM
Kavango Resources PLCAGM
Kosmos Energy LtdAGM
Melrose Industries PLCAGM
North American Income Trust PLCAGM
Oriole Resources PLCAGM
Panther Metals PLCAGM
REA Holdings PLCAGM
Renalytix PLCGM re director's authorization to allot new shares and equity securities for cash
Vaalco Energy IncAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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24 Apr 2023 14:23

IN BRIEF: Checkit posts annual results ahead of market expectations

Checkit PLC - Cambridge-based operations platform for the deskless workers - Says results for the year ended January 31 were ahead of market expectations, which it did not specify, despite widening its annual pretax loss to GBP12.0 million from GBP8.2 million the year prior. Adjusted loss before interest, tax, depreciation and amortisation widens to GBP6.4 million from GBP5.6 million. Revenue, meanwhile, increases to GBP10.3 million from GBP8.4 million. Annual recurring revenue increases 28% to GBP11.5 million from GBP9.0 million. Notes that new financial year has started well with continued sales momentum in line with the board's expectations. Consequently, expects to meet market expectations for financial 2024.

Read more
24 Apr 2023 13:15

Checkit losses widen despite recurring revenue growth

(Sharecast News) - Deskless working operations specialist Checkit reported a 28% rise in annual recurring revenue (ARR) in its preliminary results on Monday, to £11.5m.

Read more
17 Apr 2023 15:43

UK earnings, trading statements calendar - next 7 days

Tuesday 18 April 
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Billington Holdings PLCFull Year Results
City Pub Group PLCFull Year Results
easyJet PLCTrading Statement
Entain PLCTrading Statement
IntegraFin Holdings PLCTrading Statement
LifeSafe Holdings PLCFull Year Results
Moneysupermarket.com Group PLCTrading Statement
Ninety One PLC and LtdTrading Statement
Petra Diamonds LtdTrading Statement
Property Franchise Group PLCFull Year Results
Schroder UK Public Private Trust PLCFull Year Results
THG PLCFull Year Results
Xeros Technology Group PLCFull Year Results
Wednesday 19 April 
Antofagasta PLCTrading Statement
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Distribution Finance Capital Holdings PLCFull Year Results
Hunting PLCTrading Statement
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Network International Holdings PLCTrading Statement
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Arix Bioscience PLCFull Year Results
Centamin PLCTrading Statement
Deliveroo PLCTrading Statement
Dianomi PLCFull Year Results
Dunelm Group PLCQ3 Results
Foxtons Group PLCTrading Statement
GB Group PLCTrading Statement
Hochschild Mining PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Oxford BioMedica PLCFull Year Results
PensionBee Group PLCTrading Statement
Rentokil Initial PLCTrading Statement
Rio Tinto PLCTrading Statement
Senior PLCTrading Statement
Segro PLCTrading Statement
WH Smith PLCHalf Year Results
Friday 21 April 
Angle PLCFull Year Results
BHP Group LtdTrading Statement
Lookers PLCFull Year Results
Monday 24 April 
Brighton Pier Group PLCFull Year Results
CentralNic Group PLCTrading Statement
Checkit PLCFull Year Results
Egdon Resources PLCHalf Year Results
Keystone Law Group PLCFull Year Results
Lok'n Store Group PLCHalf Year Results
Novacyt SAFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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13 Mar 2023 12:18

SUMMARY: London listings with exposure to Silicon Valley Bank

(Alliance News) - The following is a round-up of updates on exposure to Silicon Valley Bank by London-listed companies, issued on Monday and not separately reported by Alliance News:

Read more
16 Feb 2023 13:57

Checkit upbeat as annual recurring revenue surpasses expectations

(Alliance News) - Checkit PLC on Thursday said its annual recurring revenue climbed during financial year 2023, as it transitions to a subscription-based model.

Read more
16 Feb 2023 07:14

Checkit upbeat on transition to subscription model

(Sharecast News) - Workforce technology specialist Checkit reported a 28% rise in annual recurring revenue in a full-year trading update on Thursday, to £11.5m, surpassing consensus market expectations for £10.8m.

Read more

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