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25 Oct 2024 07:00
25 October 2024
Celebrus Technologies plc
H1 Trading Update
Celebrus Technologies plc (AIM: CLBS, "the Group", the "Company", "Celebrus"), the AIM-listed data solutions provider, provides the following trading update for the six months to 30 September 2024.
As previously announced on 9 July 2024, the board has decided to convert to reporting results in US Dollars4 from the year commencing 1 April 2024, as the majority of the Group's revenues are and will continue to be derived from large global customers who typically contract in US Dollars.
Results1 are expected to be in line with management expectations, with revenues of approximately $17.0 million (H1 FY24: $16.2 million) and adjusted profit before tax2 of approximately $ 1.0 million (H1 FY24: profit of $0.2 million).
Annual recurring revenue ("ARR" 3) increased during the period to $26.2 million (31 March 2024: $25.5 million, 30 September 2023: $21.3 million).
The cash balance at the half year end was robust at $25.5million (31 March 2024: $38.8 million, 30 September 2023: $17.9 million), and the Group remains debt free.
These factors provide us with confidence of another year of progress and the delivery of a full year performance in line with management expectations.
The Group will publish its half year results for the six months to 30 September 2024 on 03 December 2024, and these will be presented later that day live via the Investor Meet Company platform. Further details will be announced in due course.
1 The trading performance reported in this statement is based on unaudited management accounts
2 Adjusted profit before tax is calculated before amortization of intangibles, foreign exchange gains/losses, share based payment charges and one-off reorganization costs.
3 Annual Recurring Revenue is the amount of revenue currently contracted at a point in time that is expected to recur within the next twelve months.
4 The results in GBP are expected to be: Revenue £13.5m ((H1 FY24: £13.0m) ; Adjusted profit before tax £0.8m, (H1 FY24: profit of £0.2m); ARR £20.7m (31 March 2024: £20.2m, 30 September 2023: £17.4m); Cash balance £19.3m, (31 March 2024: £30.7m, 30 September 2023: £14.7m).
Bill Bruno, Chief Executive Officer commented:
"We are pleased to report another strong H1 result, and with the progress we have made as a business with our investments in both our Sales and Customer Success business units. This has resulted in a a strong and growing pipeline for both new and existing business to support future growth. We have also continued to explore potential acquisition targets to enhance the Celebrus platform while continuing to invest in our organic growth initiatives. "
Inside Information: This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018. Upon the publication of this announcement via Regulatory Information Service, this inside information is now considered to be in the public domain.
Enquiries
Celebrus Technologies plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer
|
+44 (0) 1932 893333 investors@celebrus.com |
Cavendish (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Tim Redfern, Corporate Broking
| +44 (0) 20 7220 0500 |
Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts
| +44 (0) 20 7523 8000 |
About Celebrus Technologies plc
As a disruptive data technology platform, Celebrus is focused on improving the relationships between brands and consumers via better data. Celebrus redefines what digital identity verification means to power both next-level marketing and fraud prevention use cases. Deployed across 30+ countries throughout the financial services, healthcare, retail, travel, and telecommunications sectors, Celebrus automatically captures, contextualizes, and activates consumer behavioral data in live-time across all digital channels. Through the addition of behavioral biometrics and AI, Celebrus empowers brands to detect and prevent fraud before it occurs. To ensure that brands can begin to improve those relationships quickly, Celebrus Cloud activates the Celebrus platform efficiently for brands in a single-tenant, private cloud capacity.
The Group has offices in the UK, USA, and India with key talent in all markets to drive the growth of the business. Celebrus is fully compliant with all major data privacy regulations and the Group is accredited to ISO27001: Information Security Management.
For more information, please see www.celebrus.com .
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