H1 Trading Update
30/10/2023 07:00
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RNS Number : 6157R D4T4 Solutions PLC 30 October 2023
30 October 2023
D4t4 Solutions Plc
H1 Trading Update
D4t4 Solutions Plc (AIM: D4T4, "the Group", the "Company", "D4t4"), the
AIM-listed data solutions provider, provides the following trading update for
the six months to 30 September 2023.
Results(1) are expected to be in line with management expectations, with
revenues of approximately £13.0 million (H1 FY23: £8.1 million) and adjusted
profit before tax(2) of approximately £0.2 million (H1 FY23: loss of £1.3
million). We have made progress as we continue to convert our improving sales
pipeline, while the outcome was also assisted by the revenues related to the
delays in contract signings at the previous year end, which were signed during
this period.
Annual recurring revenue ("ARR" (3)) increased during the period to £17.4
million (31 March 2023: £16.7 million, 30 September 2022: £15.8 million).
The cash balance at the half year end was robust at £14.7 million, and the
Group remains debt free.
The Group has continued to invest into Sales and Marketing, including the
recently established Customer Success team for the US and International
business lines. Building upon the Prickly Cactus acquisition in 2021, Customer
Success is solely focused on feature adoption and license ARR growth within
our existing user base while also ensuring we maintain a high level of
customer satisfaction in the Celebrus platform.
These factors provide us with confidence of another year of progress and a
full year performance in line with management expectations.
During the period, the Company announced its intention to effect a change of
name to Celebrus Technologies plc, subject to shareholder approval at a
general meeting on Wednesday 9(th) November.
The Group will publish its half year results for the six months to 30
September 2023 on 27 November 2023, and will be hosting a capital markets day
for analysts and investors at 10am on Wednesday 30 November 2023. This will
take place at the offices of Cavendish Capital Markets, at 1 Bartholomew
Close, London EC1A 7BL and will be available 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 amortisation of
intangibles, foreign exchange gains/losses, share based payment charges and
one-off reorganisation 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.
Bill Bruno, CEO of D4t4 Solutions, said:
"We are pleased with the progress in H1 of this financial year as well as the
visibility afforded by our improving ARR which provides us with confidence of
another year of progress and a full year performance in line with management
expectations. We continue to invest in our people, our customers, and the
further innovation of the Celebrus Platform. Underpinned by Celebrus Cloud, we
are seeing customers move more quickly into the newer versions of the platform
which further enables our ability to drive broader feature adoption and
provides increased upsell opportunities."
Enquiries
D4t4 Solutions Plc +44 (0) 1932 893333
(to be renamed Celebrus Technologies plc) investors@d4t4solutions.com (mailto:investors@d4t4solutions.com)
Bill Bruno, Chief Executive Officer
Ash Mehta, Chief Financial Officer
Cavendish Capital Markets Limited +44 (0) 20 7220 0500
(Nominated Adviser & Joint Broker)
Julian Blunt / Edward Whiley, Corporate Finance
Charlotte Sutcliffe, ECM
Canaccord Genuity (Joint Broker) +44 (0) 20 7523 8000
Simon Bridges / Andrew Potts
About D4t4 Solutions plc
D4t4 Solutions plc (AIM: D4t4) was founded around a passion for helping brands
improve their relationships with their consumers via better data.
Supporting customers in financial services, retail, travel, healthcare, and
telecommunications across over 30 countries, D4t4 enables businesses to make
smarter, informed decisions via Celebrus, the company's flagship first-party
data product suite. Celebrus automatically captures, contextualises, and
activates user-based behavioural data in real-time across all digital
channels. Through behavioural biometrics and analytics, Celebrus helps
companies prevent fraud before it happens. Celebrus Cloud provides an
enterprise platform that automates and enables organisations to get better
value from the Celebrus software in a more efficient manner.
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.d4t4solutions.com
(http://www.d4t4solutions.com/)
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