Acuity RM Group PLC - London-based risk management services via Stream software platform - Reports revenue from the 9 months that ended December 31 is about GBP1.4 million, compared to GBP1.8 million for the 12 months that ended March 31, 2023, having changed its financial year to the calendar year. The company, formerly called Drumz, bought Acuity Risk Management Ltd in a reverse takeover back in April. Total forward contracted revenue as of the end of December is GBP2.9 million, up from GBP2.2 million at the end of February last year. Also reports a new two-year contract for Stream worth GBP105,000 with a "Turkey-based travel company" that it doesn't name.
"The nine months of trading from 1 April 2023 to 31 December 2023 shows real progress and the indications are that the pace of expansion is increasing," says Executive Chair Angus Forrest. "There is much to do but the opportunity is large, and I expect further significant progress in 2024."
Current stock price: 4.57 pence for GBP5.6 million market capitalisation
By Tom Waite, Alliance News editor
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Acuity Rm Grp (ACRM)