Preliminary results out..2 Dec 2020 11:04
Pretty much as expected with a positive forward statement:
https://www.investegate.co.uk/i-nexus-global-plc--inx-/rns/final-results/202012020700061974H/
"Financial position of the business secure for the near-term, following the fundraise
· Signed a 3 year contract extension worth $1.24m, incorporating an upsell across the 3 years of $500k
· Secured first customer win via a Consulting Partner, a European based multi-national white goods manufacturer
· Contracts secured in the new year have led to MRR increasing to £317k at the date of this report"
Simon Crowther, Chief Executive, of i-nexus Global plc, commented: "Our sales pipeline continues to develop with solid new opportunities being created monthly, however conversion on a timely basis is an ongoing challenge with Covid-19 still a factor. We have seen some initial success in recent months; closing a deal via a channel partner and a major contract extension with an existing customer. Our strategic focus for 2021 is to achieve repeatable, incremental sales, while operating within our financial means. All departments are focussed on projects to deliver this goal.
"The investments we have made in our Strategy Execution platform have considerably enhanced the usability of our platform, its stickiness, our ability to convert new business and generate upsells with our existing accounts. We believe our platform is capable of meeting the stringent requirements of the world's largest organisations and, while conscious of the continuing challenges ahead, we have entered the new year in a strengthened financial position and with cautious optimism."
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