PCI-PAL PLC Trading Update (8911F)
21 Julio 2021 - 1:00AM
UK Regulatory
TIDMPCIP
RNS Number : 8911F
PCI-PAL PLC
21 July 2021
PCI-PAL PLC
("PCI Pal", "the Company" or "the Group")
Trading Update
PCI-PAL PLC (AIM: PCIP), the global cloud provider of secure
payment solutions for business communications, is pleased to
announce a trading update for the year ended 30 June 2021.
After a strong year of trading, PCI Pal expects to announce
revenues of approximately GBP7.3 million(1) , a substantial
increase of 66% on the prior year (2020: GBP4.4 million), and an
adjusted pre tax loss marginally better than current
expectations(2) .
The year on year revenue growth continues to be driven by the
Group's excellent progress in increasing the aggregate value of the
Total Annual Contract Value(3) ("TACV") of contracts signed to
date. TACV is a leading indicator and key metric of the Group's
future recurring revenue and has grown significantly year on year
with a 41% increase to GBP9.5 million (2020: GBP6.7 million) as at
30 June 2021.
The number of new customer contracts signed in the period has
increased by almost twice the prior year to 195 new contracts
(2020: 100), illustrating the strength of the Group's pureplay
focus on secure payments, sold predominantly through its reseller
channel partners, and all provided through its AWS global cloud
platform. The recurring Annual Contract Value(4) ("ACV") of all of
the new contracts signed in the period was GBP3.1 million, a 19%
increase on a strong prior year comparator (2020: GBP2.6
million).
Throughout the period, the Company has continued to achieve high
customer retention rates, with net retention exceeding 100% as a
result of upsell demand from existing customers.
The strong trading performance and successful equity placing of
GBP5.5m in April 2021 allowed the Group to fully repay its
outstanding debt ahead of schedule in June 2021, resulting in a net
cash position at the period end of GBP7.5 million (30 June 2020:
GBP3.0 million).
Commenting on trading in the year and prospects, James Barham,
Chief Executive Officer of PCI Pal, said:
"We have had an excellent year despite the challenges of the
pandemic, making continued positive progress against our stated
strategic objectives to be the global market leader in cloud
technology in our space; to achieve scale selling through
best-in-class reseller partners; and to provide our services
globally in the Cloud without the need for on-premise hardware.
"By pursuing these objectives, we have been well positioned to
meet growing customer and partner demand for cloud solutions,
further justifying our chosen strategy and allowing us to
capitalise on what has been a challenging time for many of our
competitors.
"We start the new financial year in a strong position. With our
TACV accumulated to GBP9.5 million, we already have high visibility
towards the market forecast revenues for FY22 of GBP10.4
million."
(1) The GBP7.3 million expected revenue is subject to audit
confirmation.
(2) Current market expectations for FY21 revenues is GBP7.0
million and an adjusted pre-tax loss of GBP3.6 million.
(3) TACV is the total expected annual recurring revenue from all
contracted customers, whether invoiced and included in deferred
revenue or still to be deployed and/or invoiced.
(4) ACV is the contracted annual recurring licence revenue
component of the contract.
For further information, please contact:
PCI-PAL PLC Via Walbrook PR
James Barham - Chief Executive
Officer
William Good - Chief Financial
Officer
finnCap (Nominated Adviser and
Broker) +44 (0) 20 7227 0500
Marc Milmo/Simon Hicks (Corporate
Finance)
Richard Chambers (Corporate Broking)
Walbrook PR +44 (0) 20 7933 8780
Tom Cooper/Nick Rome +44 (0) 797 122 1972
P CIPAL@walbrookpr.com
About PCI Pal:
PCI Pal is a leading provider of Software-as-a-Service ("SaaS")
solutions that empower companies to take payments from their
customers securely, adhere to strict industry governance, and
remove their business from the significant risks posed by
non-compliance and data loss. Our products secure payments and data
in any business communications environment including voice, chat,
social, email, and contact centre. We are integrated to, and resold
by, some of the worlds' leading business communications vendors, as
well as major payment service providers.
The entirety of our product-base is available from our global
cloud platform hosted in Amazon Web Services ("AWS"), with regional
instances across EMEA, North America, and ANZ.
For more information visit www.pcipal.com or follow the team on
Linkedin: https://www.linkedin.com/company/pci-pal/
This announcement contains inside information for the purposes
of Article 7 of Regulation 596/2014.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
TSTQBLFLFDLLBBQ
(END) Dow Jones Newswires
July 21, 2021 02:00 ET (06:00 GMT)
Pci-pal (LSE:PCIP)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Pci-pal (LSE:PCIP)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024