REG - Pelatro PLC - AGM Statement

PelatroAnnouncement

23/06/2023 07:00

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RNS Number : 6542D  Pelatro PLC  23 June 2023

23 June 2023

 

 

Pelatro Plc

("Pelatro" or the "Group")

 

AGM statement

 

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

 

Current trading

 

Recent contract wins demonstrate our continuing success in securing contracts
with large customers building the Group's recurring revenue base. With these,
the Group now has 28 customers and an ARR of over $7m.

 

In addition to these, we continue to see strong demand from our existing
customers for change requests and have contracted for around $1.7m already
this year in respect of this revenue.

 

Outlook for the year

 

Our pipeline remains strong at around $23m, including some $5m of non-telco
prospects - its highest ever level and which we are confident will produce
results in the coming months and years.

 

For further information contact:

 

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

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

 Dowgate Capital Limited (Joint broker)                     Tel: +44 (0)20 3903 7715
 Stephen Norcross

 

 

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 telcos [or
[financial services institutions] 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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