Genip Plc Share News (GNIP)

(Alliance News) - GenIP PLC shares surged on Thursday, after it reported "strong" growth for last year with multiplying revenue and client engagement.

Shares in GenIP closed 22% higher at 12.50 pence on Thursday in London.

The London-based generative AI services provider reported revenue growth of approximately 330% and gross margin growth of 150%, both on an annual basis.

GenIP also said client retention remained at around 90%, with active client numbers increasing by over 225%.

"Adoption in Brazil and Saudi Arabia is generating new client introductions and contributing to a growing pipeline of inbound enquiries," GenIP said.

Also, the firm said it has started securing commercial traction for its Invention Evaluator product with corporate clients, with initial orders secured through GenIP's recently announced partnership with 360 Impact Studio. It said further corporate discussions are ongoing.

Academic clients are also demonstrating "strong repeat demand" for the Invention Evaluator products, GenIP said, with both newly-engaged and returning institutions including one "major US university".

"We are encouraged by the strong year-on-year growth in the business and the increasing use of our higher-value portfolio products," Chief Executive Officer Melissa Cruz commented. "Positive feedback from existing clients is leading to inbound referrals, and our partnerships are already generating corporate orders, expanding our corporate client base.

"We are also in ongoing discussions with institutions we met through our 2025 event attendance and marketing efforts, which gives us confidence in the opportunity ahead."

By Emma Curzon, Alliance News reporter

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