Checkit Plc rises on robust FY results
16/02/2023 11:09
** Shares of technology platform Checkit Plc CKT.L up as
much as 5% at 31.5p
** Co reports a 28% rise to 11.5 mln stg ($13.86 mln) in its
annual recurring revenue vs market views of 10.8 mln stg
** CKT benefits from robust sales, helped by increase in
signed contracts despite challenging macro economic conditions
** Co reports total group revenue from cont ops of 10.3 mln
stg vs 8.4 mln stg year-ago
** CKT says U.S. expansion has continued well and its U.S.
unit is on track to become largest rev contributor
** Including sessions' gains, stock is up ~62% YTD
($1 = 0.8297 pounds)
(Reporting by Sinchita Mitra in Bengaluru)
((Sinchita.mitra@thomsonreuters.com))