30 Oct 2023 07:00
30 October 2023
D4t4 Solutions Plc
H1 Trading Update
D4t4 Solutions Plc (AIM: D4T4, "the Group", the "Company", "D4t4"), the AIM-listed data solutions provider, provides the following trading update for the six months to 30 September 2023.
Results1 are expected to be in line with management expectations, with revenues of approximately £13.0 million (H1 FY23: £8.1 million) and adjusted profit before tax2 of approximately £0.2 million (H1 FY23: loss of £1.3 million). We have made progress as we continue to convert our improving sales pipeline, while the outcome was also assisted by the revenues related to the delays in contract signings at the previous year end, which were signed during this period.
Annual recurring revenue ("ARR" 3) increased during the period to £17.4 million (31 March 2023: £16.7 million, 30 September 2022: £15.8 million). The cash balance at the half year end was robust at £14.7 million, and the Group remains debt free.
The Group has continued to invest into Sales and Marketing, including the recently established Customer Success team for the US and International business lines. Building upon the Prickly Cactus acquisition in 2021, Customer Success is solely focused on feature adoption and license ARR growth within our existing user base while also ensuring we maintain a high level of customer satisfaction in the Celebrus platform.
These factors provide us with confidence of another year of progress and a full year performance in line with management expectations.
During the period, the Company announced its intention to effect a change of name to Celebrus Technologies plc, subject to shareholder approval at a general meeting on Wednesday 9th November.
The Group will publish its half year results for the six months to 30 September 2023 on 27 November 2023, and will be hosting a capital markets day for analysts and investors at 10am on Wednesday 30 November 2023. This will take place at the offices of Cavendish Capital Markets, at 1 Bartholomew Close, London EC1A 7BL and will be available 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 amortisation of intangibles, foreign exchange gains/losses, share based payment charges and one-off reorganisation 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.
Bill Bruno, CEO of D4t4 Solutions, said:
"We are pleased with the progress in H1 of this financial year as well as the visibility afforded by our improving ARR which provides us with confidence of another year of progress and a full year performance in line with management expectations. We continue to invest in our people, our customers, and the further innovation of the Celebrus Platform. Underpinned by Celebrus Cloud, we are seeing customers move more quickly into the newer versions of the platform which further enables our ability to drive broader feature adoption and provides increased upsell opportunities."
Enquiries
D4t4 Solutions Plc (to be renamed Celebrus Technologies plc) Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer
| +44 (0) 1932 893333 investors@d4t4solutions.com
|
Cavendish Capital Markets Limited (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Charlotte Sutcliffe, ECM
| +44 (0) 20 7220 0500 |
Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts
| +44 (0) 20 7523 8000 |
About D4t4 Solutions plc
D4t4 Solutions plc (AIM: D4t4) was founded around a passion for helping brands improve their relationships with their consumers via better data.
Supporting customers in financial services, retail, travel, healthcare, and telecommunications across over 30 countries, D4t4 enables businesses to make smarter, informed decisions via Celebrus, the company's flagship first-party data product suite. Celebrus automatically captures, contextualises, and activates user-based behavioural data in real-time across all digital channels. Through behavioural biometrics and analytics, Celebrus helps companies prevent fraud before it happens. Celebrus Cloud provides an enterprise platform that automates and enables organisations to get better value from the Celebrus software in a more efficient manner.
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.d4t4solutions.com