Last checked at 26 Feb 2024 07:00
26 February 2024
i-nexus Global plc
("i-nexus", the "Company" or the "Group")
AGM Statement
i-nexus Global plc (AIM: INX), a leading provider of cloud-based strategy applications designed for the Global 5000, provides the following trading update in advance of the Annual General Meeting to be held at 11:00 am today.
The Company has continued to demonstrate steady progress, aligning with the Board's strategic focus for FY24.
Since the start of the current financial year, ending 30 September 2024, the Company has secured three new logos, each with considerable expansion potential, and expanded within five customer accounts. The Company is actively pursuing several larger scale opportunities that are currently in the pipeline.
The Board's attention remains firmly focused on ensuring the adequacy of our cash resources and executing mindful investment decisions as we steer i-nexus towards a positive Adjusted EBITDA position.
We continue to explore opportunities for product innovation, with one proof of concept product being trialed with prospects. Additionally, following the previously announced loss of our last remaining client using the older, highly customised version of the i-nexus software, effective at the calendar year end, we are now realising the benefits of a more focused development effort.
Many of the seven customers secured last year, spanning several new verticals, are now successfully deployed and are in active conversations about expanding their use of the software, demonstrating the Company's ability to adapt and cater to diverse markets. This is testament to our belief that all companies, regardless of their industry or size, can benefit from a well-executed strategy.
Our accomplishments since the start of the current financial year are a reflection of our strategic focus and the market opportunity that lies ahead. The Board is optimistic about the direction in which the business is heading and we look forward to sharing our continued progress.
For further information please contact:
i-nexus Global plc Simon Crowther, CEO Drew Whibley, CFO
| Via: Alma |
Singer Capital Markets (Nominated Adviser and Broker) Sandy Fraser / Alex Bond (Corporate Finance)
| Tel: +44 (0)207 496 3000 |
Alma Strategic Communications Caroline Forde/Robyn Fisher | Tel: +44 (0)203 405 0205 |
About i-nexus Global plc
i-nexus Global plc ("i-nexus") helps companies accelerate business outcomes through robust strategic planning, predictable project portfolio delivery, and real-time performance tracking to ensure results are achieved. i-nexus' strategy applications replace spreadsheets and presentations with a single application that promotes collaboration, alignment, and communication in the pursuit of improved business outcomes, while providing resource and accompanying cost efficiencies.
Today, we support organisations in managing over 200,000 strategic programmes around the world.