25 October 2024
Celebrus Technologies
plc
H1 Trading
Update
Celebrus Technologies plc (AIM:
CLBS, "the Group", the "Company", "Celebrus"), the AIM-listed data
solutions provider, provides the following trading update for the
six months to 30 September 2024.
As previously announced on 9 July
2024, the board has decided to convert to reporting results in US
Dollars4 from the year commencing 1 April 2024, as the
majority of the Group's revenues are and will continue to be
derived from large global customers who typically contract in US
Dollars.
Results1 are expected to
be in line with management expectations, with revenues of
approximately $17.0 million (H1 FY24: $16.2 million) and adjusted
profit before tax2 of approximately $ 1.0 million (H1
FY24: profit of $0.2 million).
Annual recurring revenue ("ARR"
3) increased during the period to $26.2 million (31
March 2024: $25.5 million, 30 September 2023: $21.3
million).
The cash balance at the half year
end was robust at $25.5million (31 March 2024: $38.8 million, 30
September 2023: $17.9 million), and the Group remains debt
free.
These factors provide us with
confidence of another year of progress and the delivery of a full
year performance in line with management expectations.
The Group will publish its half year
results for the six months to 30 September 2024 on 03 December
2024, and these will be presented later that day 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 amortization of intangibles, foreign exchange
gains/losses, share based payment charges and one-off
reorganization 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.
4 The results in GBP are
expected to be: Revenue £13.5m ((H1 FY24: £13.0m) ; Adjusted profit
before tax £0.8m, (H1 FY24: profit of £0.2m); ARR £20.7m (31
March 2024: £20.2m, 30 September 2023: £17.4m); Cash balance
£19.3m, (31 March 2024: £30.7m, 30
September 2023: £14.7m).
Bill Bruno, Chief Executive Officer
commented:
"We are pleased to report another strong H1 result, and with
the progress we have made as a business with our investments in
both our Sales and Customer Success business units. This has
resulted in a a strong and growing pipeline for both new and
existing business to support future growth. We have also continued
to explore potential acquisition targets to enhance the Celebrus
platform while continuing to invest in our organic growth
initiatives. "
Inside Information: This announcement contains inside
information for the purposes of article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of domestic law by virtue
of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
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Enquiries
Celebrus Technologies plc
Bill Bruno, Chief Executive
Officer
Ash Mehta, Chief Financial
Officer
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+44 (0)
1932 893333
investors@celebrus.com
|
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Cavendish (Nominated Adviser & Joint
Broker)
Julian Blunt / Edward Whiley,
Corporate Finance
Tim Redfern, Corporate
Broking
|
+44 (0) 20
7220 0500
|
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Canaccord Genuity (Joint Broker)
Simon Bridges / Andrew
Potts
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+44 (0) 20
7523 8000
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About Celebrus Technologies plc
As a disruptive data technology
platform, Celebrus is focused on improving the relationships
between brands and consumers via better data. Celebrus redefines
what digital identity verification means to power both next-level
marketing and fraud prevention use cases. Deployed across 30+
countries throughout the financial services, healthcare, retail,
travel, and telecommunications sectors, Celebrus automatically
captures, contextualizes, and activates consumer behavioral data in
live-time across all digital channels. Through the addition of
behavioral biometrics and AI, Celebrus empowers brands to detect
and prevent fraud before it occurs. To ensure that brands can begin
to improve those relationships quickly, Celebrus Cloud activates
the Celebrus platform efficiently for brands in a single-tenant,
private cloud capacity.
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.celebrus.com .