Maybe not all doom and gloom4 Apr 2024 12:49
CRTA share news... quote
Analysts at Stifel said the yearly results showed "some healthy signs of progress".
"Better than expected cash was already announced at the trading update and today revenue is comfortably ahead of our estimate. This is coupled with costs that have reduced further providing continuity with our existing forecasts which we leave unchanged at this time. The company appears to have made meaningful progress, transforming itself into a more professional organisation and maintains its target of reaching run-rate cash flow breakeven in the current year, despite ongoing deal slippage and an understandable second-half weighted bookings expectation," Stifel added.