itim Group plc (LON:ITIM) a SaaS based technology company that enables store based retailers to optimise their businesses to improve financial performance, has announced its unaudited interim results for the 6 months ended 30 June 2023.
Financial Highlights
· | Group revenue of £7.4m (Half Year 2022 (“HY22”): £6.8m, Full Year 2022(“FY22”): £14.0m) |
· | Booked Recurring Revenue of £6.4m (HY22: £5.6m, FY22: £11.8m) |
· | Recurring revenue percentage of Group revenue was 86% (HY22: 82%, FY22: 84%) |
· | Annual recurring revenue (“ARR”)1 of £13.2m (HY22: £12.6m, FY22: £13.2m) |
· | Annual growth in ARR1 5% (HY22: £19%, FY22: 19%) |
· | Adjusted EBITDA2 (£0.2)m (HY22: £0.3m, FY22: £0.2m) |
· | Adjusted EBITDA2 margin (3)% (HY22: 5%, FY22: 2%) |
· | (Loss)/profit before tax (£1.1)m (HY22: (£0.4)m, FY22: (£1.3)m) |
· | Cash £2.7m (HY22: £5.3m, FY22: £3.9m) |
· | Earnings per share (3.02) pence (HY22: (1.20) pence, FY22: (2.20) pence) |
· | Adjusted Earnings per share3 (3.02) pence (HY22: (1.06) pence, FY22: (2.01) pence) |