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REG - Pelatro PLC - AGM Statement

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RNS Number : 2066Q  Pelatro PLC  27 June 2022

27 June 2022

 

 

Pelatro Plc ("Pelatro" or the "Group")

 

AGM statement

 

At Pelatro's Annual General Meeting ("AGM") to be held later today, Chairman,
Richard Day, will give the following update on trading:

 

Current trading

 

The contracts announced in the last month in both the telco and the non-telco
space demonstrate our continuing success in building the Group's recurring
revenue base. With these, the Group now has 25 customers and a current ARR of
c. $6.8m. We have been rolling out our non-telco offering, giving us a broader
range of operations with an exciting suite of products and services for our
growing list of customers.

 

In addition to these, we continue to see strong demand from our existing
customers for change requests and have booked around $0.75m already this year
in respect of this revenue, with another $0.5m in contracting stage.

 

Outlook for the year

 

We remain optimistic about the prospects for the telecommunications industry,
and increasingly about our ability to access and satisfy the demand in
non-telco industries such as financial services. Given this we are confident
of delivering a performance in line with expectations for 2022.

 

 

For further information contact:

 

 Pelatro Plc
 Subash Menon, Managing Director                                               c/o finnCap
 Nic Hellyer, Chief Financial Officer

 finnCap Limited (Nominated Adviser and broker)                                                +44 (0)20 7220 0500
 Carl Holmes/Kate Bannatyne/Milesh Hindocha (Corporate Finance)

 

 

Notes to editors

 

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh
Yezhuvath with the objective of offering specialised, enterprise class
software solutions for customer engagement principally to telcos who face a
series of challenges including market maturity, saturation and customer churn.

 

Pelatro provides its "mViva" platform for use by customers in B2C and B2B
applications and is well positioned in the Customer Engagement space. Our
technology orchestrates the digital journey of the customers of the telcos
through contextual, relevant and real time offers and loyalty programs across
multiple channels including websites, social media, apps and others.

 

For more information about Pelatro, visit www.pelatro.com

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