Strong KPIs point to portfolio growth

In today’s short trading update, Tern’s KPIs point to further significant growth in FY22, supporting our view that the portfolio is gaining commercial traction and turning configuration work into repeat revenue.

Uncertainty in the technology sector caused by the rising cost of capital is likely to lead to valuation headwinds, but Tern sees its portfolio as well placed to show resilience in any ‘flight to quality’.

Management has also signalled that it does not intend to pursue an OTC listing in the US given advice relating to its investment status.

Tern plc (LON:TERN) backs exciting, high growth IoT innovators in Europe. They provide support and create a genuinely collaborative environment for talented, well-motivated teams.

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