REG - Celebrus Tech - Trading Update & Board Change

Celebrus TechnologiesAnnouncement

19/03/2024 07:00

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RNS Number : 3020H  Celebrus Technologies PLC  19 March 2024

 

Celebrus Technologies plc

 

Trading update and Board change

 

19 March 2024

 

 

Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the AIM-listed
data solutions company, provides the following trading update for the year to
31 March 2024.

 

Results are expected to be in line with market expectations(1), with full year
revenues above £32.0 million (FY23: £21.5 million) and adjusted profit
before tax in the region of £5.5 million (FY23: profit £3.8 million).

 

Annual recurring revenue ("ARR") from software licenses and associated
support, maintenance and Celebrus Cloud is expected to be at least £20.0
million (31 March 2023: £16.7 million), a 20% increase in the year,
reflecting the significant contract progress announced in January 2024.

 

The year-end cash balance is expected to be healthy, and the Group remains
debt-free.

 

The Group continues to focus on the development and growth in adoption of the
Celebrus platform in key markets while ensuring that the business is prepared
to scale efficiently in the coming year. The order backlog and pipeline
provide good visibility for the coming financial year.

 

The Group's full year results will be published on 9 July 2024.

Following the previously-announced appointment of Tom Skelton as Non-Executive
Chair-elect in December 2023, Mr Skelton will assume the position of Chair
from 31 March 2024 with Peter Simmonds stepping down from the role and from
the board on the same day.

 

Bill Bruno, Chief Executive Officer commented:

 

"I am extremely proud of the team globally and their contributions to a
successful year for the business. We continue to emphasize our focus on the
Celebrus software platform, with the primary deployment option being Celebrus
Cloud. As the upcoming financial year approaches, we are pleased with our ARR
growth and revenue visibility; we will continue to invest accordingly to
ensure we execute our strategy successfully."

 

 

(1) For the purpose of this announcement, the Group believes market consensus
for FY24 to be revenue of £32.1m, and adjusted profit before tax of £5.4m.

 

 

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) .

 

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