Gresham Technologies PLC - London-based software and services company - Expects revenue and earnings for 2022 to be head of current expectations, with revenue reaching at least GBP48.0 million and adjusted earnings before interest, tax, depreciation and amortisation reaching at least GBP10.0 million. Says it has continued to perform strongly with "Clareti recurring revenue performing in line with growth plan and Clareti services and the non-Clareti businesses performing ahead of planned revenue".
Gresham Technologies adds that it has "good visibility" over the non-Clareti business with current levels of revenue expected to continue into financial 2023. The Clareti software platform is a front-to-back servicing platform designed to meet the needs of the real estate lending market.
In July, the company had reported a swing to pretax profit of GBP1.1 million in the half-year ended June 30, from a loss of GBP837,000 a year ago. Revenue grew 55% to GBP23.0 million from GBP14.8 million.
Current stock price: 170.15 pence, up 1.6% on Tuesday in London
12-month change: down 1.1%
By Xindi Wei, Alliance News reporter
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Gresham (GHT)