Panoply Holdings PLC - London-based technology company - On Monday says pretax loss narrowed to GBP1.8 million in the year ended March 31, from GBP3.1 million the previous year. Revenue up 62% to GBP51.1 million, from GBP31.5 million. Says it signed four contracts worth over GBP3 million and billed GBP1 million from eleven customers, compared to six customers the year before. Notes 71% of revenue in the recent financial year came from public services contracts, up from 64% the year prior. Won contracts with NHS Business Services Authority, Planning Inspectorate and HM Land Registry in the recent year. Issues final dividend of 0.4 pence, compared to no dividend the year prior.
Chief Executive Neal Gandhi says: "Our trading momentum has accelerated further into the current year, and we are delighted to have signed approximately GBP18.6 million in new contracts in Q1 FY2022. This is a record quarter for the group and this performance, together with the existing sales backlog we had built in FY2021, means we now expect revenue and Ebitda for FY2022 to be significantly ahead of current market expectations and to deliver analysts' expectations for FY2023 a full year early."
Current stock price: 290.00p
Year-to-date change: up sharply from 190.00p
By Scarlett Butler; scarlettbutler@alliancenews.com
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