Celebrus Technologies delivers “another strong H1 result”

Data solutions provider Celebrus Technologies said on Friday that it had delivered “another strong H1 result”, giving the group confidence that it will experience another year of progress and full-year performance in line with management’s expectations.

Celebrus said interim revenue was slightly higher at $17.0 million compared to $16.2 million a year ago, with annual recurring revenue increasing to $26.2 million from $21.3 million . US dollars rose. Adjusted pre-tax profit jumped from $200.00 in H124 to $1.0 million in H125.

The AIM-listed group added that cash levels at the end of the half were “robust” at $25.5 million, up from $17.9 million at the same time last year, noting that the company remains debt-free.

Chief Executive Bill Bruno said: “We are pleased to report another strong H1 result and the progress we have made as a company with our investments in both our Sales and Customer Success business units. This has resulted in a strong and growing pipeline for both new and existing businesses 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.”

As of 0950 BST, Celebrus shares were down 0.80% at 277.75p.

Reporting by Iain Gilbert on Sharecast.com