Cirata reports first cash flow positive quarter; reaffirms outlook

(Alliance News) - Cirata PLC on Tuesday backed its full-year outlook as it posted its first ever cash flow positive quarter.

In a trading update for the first quarter of 2026, the Sheffield-based software-solutions provider reported cash of USD4.7 million at March 31, down from USD8.3 million a year prior.

Cirata also reported an annualised contract value of USD4.9 million at the close of the quarter.

The company said its pipeline has expanded by around 40% since the beginning of the first quarter, as a consequence of an expanded sales operation targeting Forbes Global 2000 accounts.

Looking ahead, Cirata reaffirmed its outlook, with it continuing to target cash flow break even for 2026. It anticipates improved visibility by the middle of the year, following "positive momentum and improving visibility" in the first quarter.

Shares in Cirata were up 5.1% to 15.55 pence in London on Tuesday afternoon.

Chief Executive Officer Stephen Kelly commented: "Whilst this growing pipeline of larger opportunities does come with extended cycles typical of enterprise sales, the underlying trajectory of our sales activity is stronger than at any point in my tenure at the company and is consistent with our full year outlook."

By Joseph Rodgers, Alliance News reporter

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