3 Companies Rising on Good News for Monday 27th February 2023
Episode 1215, Feb 27, 2023, 01:09 PM
3 Companies Rising on Good News for Monday 27th February 2023
1. i-nexus Global #INX - Result of AGM and current trading update
The Company continues to make steady progress with the growth of its customer base and remains on track to deliver another year of double-digit growth in net monthly recurring revenue.
Since the start of the current financial year, ending 30 September 2023, the Company has secured four new logos, each with considerable expansion potential, and expanded within three customer accounts.
Many of the nine customers secured last year are in active discussions to increase usage of the platform and renewals with existing customers are currently progressing well, in line with the Board's expected retention targets.
The sales pipeline is strong, with multiple businesses in active dialogue or trials, including some which are considerably larger than previous deals.
The Company continues to make steady progress with the growth of its customer base and remains on track to deliver another year of double-digit growth in net monthly recurring revenue.
Since the start of the current financial year, ending 30 September 2023, the Company has secured four new logos, each with considerable expansion potential, and expanded within three customer accounts.
Many of the nine customers secured last year are in active discussions to increase usage of the platform and renewals with existing customers are currently progressing well, in line with the Board's expected retention targets.
The sales pipeline is strong, with multiple businesses in active dialogue or trials, including some which are considerably larger than previous deals.
2. Elixirr Intnl #ELIX - Trading Update
Highlights
· Subject to audit, FY22 results expected to be in line with market expectations
· Revenue of approximately £70.7m (FY21: £50.6m) - An increase of 40% in absolute terms year on year
o Underlying organic revenue growth of 18% year on year
· Adjusted EBITDA of approximately £20.5m (FY21: £15.7m)
· Cash of £20.4m with no debt leaving the Group strongly positioned to pursue its growth strategy
Highlights
· Subject to audit, FY22 results expected to be in line with market expectations
· Revenue of approximately £70.7m (FY21: £50.6m) - An increase of 40% in absolute terms year on year
o Underlying organic revenue growth of 18% year on year
· Adjusted EBITDA of approximately £20.5m (FY21: £15.7m)
· Cash of £20.4m with no debt leaving the Group strongly positioned to pursue its growth strategy
3. Directa Plus #DCTA - Trading Update and Notice of Results
On 2 December 2022, the Company announced that it expected FY22 revenues to be at least €10.0m. Subject to completion of the audit process, the Group now expects revenues for FY22 to be not less than €10.8m, as a result of a strong performance in December, which represents a c.25% increase on the prior year.
This momentum has continued into 2023 with current trading in-line with market expectations and robust growth across all verticals supported by a strengthening pipeline of potential opportunities. The current order book for delivery in 2023 now stands at c. €8.8m, giving the Board confidence in the Company's continued growth in 2023.
On 2 December 2022, the Company announced that it expected FY22 revenues to be at least €10.0m. Subject to completion of the audit process, the Group now expects revenues for FY22 to be not less than €10.8m, as a result of a strong performance in December, which represents a c.25% increase on the prior year.
This momentum has continued into 2023 with current trading in-line with market expectations and robust growth across all verticals supported by a strengthening pipeline of potential opportunities. The current order book for delivery in 2023 now stands at c. €8.8m, giving the Board confidence in the Company's continued growth in 2023.