Morning all,

Interim results this morning from e-commerce software provider Cloudbuy (LON:CBUY).
http://www.investegate.co.uk/cloudbuy-plc--cbuy-/rns/half-yearly-report/201408210700116790P/


Revenue increased by 7% to £1,467,000 (2013: £1,375,000)
Gross profit up 11% to £1,272,032 (2013: £1,145,000)
Operating costs increased by 97% to £2,681,000 (2013: £1,362,000)
Loss increased to £1,621,000 (2013: £301,000)
Trade and other receivables increased to £1,918,000 (2013: £425,000)
Cash at 30 June increased to £2,300,000 (2013: overdraft of £91,000)
Net Assets increased to £3,452,000 (2013: net liabilities of £96,000)


a mixed picture there, as the company moves to providing more ecommerce solutions.

Management speak draws out the potential:


A key focus was Australia and New Zealand, resulting in a successful market entry, two live projects and a healthy pipeline of further opportunities. The initial projects are exciting and have real scale. The first is a spend analysis programme for a large health shared service through which we have analysed AUS$9 billion of spend and identified $20 million of savings. The second is for a state government where we are providing our ecommerce marketplace, initially to the treasury department and its core suppliers, followed by the prospect of the rest of the government departments once the first phase is proven.

What is significant about this activity is that it is all on our new revenue model, which sees us collecting a small percentage of the value of transactions though the system...

Once we have the revenues flowing through the system, under the new business model, the numbers can ramp-up significantly. What is important for us in this build phase is that we support our clients through the implementation to ensure they bed the systems in effectively and help them to maximise the throughput.

cloudBuy has been listed for a long time but is yet to really deliver.


We are finally seeing a convergence between procurement and B2B ecommerce, which we have predicted ever since our inception. This is largely being driven by net-savvy consumers who are demanding the same simple yet sophisticated experience when they buy at work as they experience at home.

and the opportunity in care:

The market has changed with the passing of the Care Act, contributing to a ten-fold increase in the…

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