REG - Celebrus Tech - H1 Trading Update

Celebrus TechnologiesAnnouncement

25/10/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241025:nRSY5359Ja&default-theme=true

RNS Number : 5359J  Celebrus Technologies PLC  25 October 2024

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 Dollars(4) 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.

Results(1) 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 tax(2) 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.

 

 Enquiries

 Celebrus Technologies plc                         +44 (0) 1932 893333

 Bill Bruno, Chief Executive Officer               investors@celebrus.com (mailto:investors@celebrus.com)

 Ash Mehta, Chief Financial Officer

 Cavendish (Nominated Adviser & Joint Broker)      +44 (0) 20 7220 0500

 Julian Blunt / Edward Whiley, Corporate Finance

 Tim Redfern, Corporate Broking

 Canaccord Genuity (Joint Broker)                  +44 (0) 20 7523 8000

 Simon Bridges / Andrew Potts

 

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 (http://www.celebrus.com) .

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TSTMIBATMTATBFI