UK's Eagle Eye Solutions annual recurring revenue up 31% on new customer wins
UK's Eagle Eye Solutions annual recurring revenue up 31% on new customer wins
Overview
UK loyalty platform's FY26 revenue rose 21% yr/yr excluding NRS contract loss
Adjusted EBITDA for FY26 was £9.8 mln, ahead of previously upgraded expectations
Annual recurring revenue (ARR) grew 31% yr/yr, driven by new wins and OEM progress
Outlook
Eagle Eye targets double-digit revenue and EBITDA growth in FY27
Company maintains medium-term targets of over £100m revenue and +30% EBITDA margin
OEM partnership expected to drive revenue and ARR growth from FY27
Result Drivers
NEW CUSTOMER WINS - Major new contracts, including with easyJet, Subway, and a leading UK health and beauty retailer, contributed to ARR and revenue growth
OEM PARTNERSHIP - Initial contracts from the global OEM agreement began contributing to ARR, with revenue expected to grow further from FY27
SAAS AND AI REVENUE MIX - Higher proportion of recurring SaaS revenue and 34% growth in EagleAI revenues supported margin and profit performance
Company press release: ID:nRSQ7193Ma
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Revenue |
| GBP 46.10 mln |
|
FY Adjusted EBITDA |
| GBP 9.80 mln |
|
FY Annual Recurring Revenue |
| GBP 44.50 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy."
Wall Street's median 12-month price target for Eagle Eye Solutions Group PLC is GBp530.00, about 14% above its July 16 closing price of GBp465.00
The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 38 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)