Proactiveinvestors United Kingdom Eagle Eye Solutions Proactiveinvestors United Kingdom Eagle Eye Solutions RSS feed en Tue, 16 Jul 2019 01:56:50 +0100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) <![CDATA[RNS press release - Eagle Eye and News America Marketing Partnership ]]> Tue, 14 May 2019 07:00:12 +0100 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Wed, 10 Apr 2019 17:10:00 +0100 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Thu, 04 Apr 2019 14:40:40 +0100 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Thu, 28 Mar 2019 14:35:54 +0000 <![CDATA[RNS press release - PDMR Shareholding ]]> Wed, 13 Mar 2019 17:00:15 +0000 <![CDATA[RNS press release - Interim Results ]]> Wed, 13 Mar 2019 07:00:01 +0000 <![CDATA[RNS press release - Issue of Equity ]]> Wed, 23 Jan 2019 16:30:02 +0000 <![CDATA[RNS press release - PDMR Shareholding ]]> Wed, 23 Jan 2019 14:00:04 +0000 <![CDATA[News - Eagle Eye Solutions looks to profitability ]]> Eagle Eye Solutions Group PLC (LON:EYE), the digital promotions and loyalty specialist, said it was on course to meet full-year expectations and move into profit as it updated on progress.

In the six months ended December 31, revenues grew 26% to £8.2mln, while it made an adjusted underlying (EBITDA) loss of just £500,000.

Styling itself as a software as a service business, where generally the bulk of the company’s turnover is recurring, Eagle Eye said its retained customer base was around 72%, down from 75% in the same period last year.

Trumpeting deals with Waitrose and Burger King, chief executive and former Tesco executive Tim Mason said: “We are excited about the prospects for the business and we are confident in our ability to create increased shareholder value."

Wed, 23 Jan 2019 08:09:00 +0000
<![CDATA[RNS press release - Trading Update ]]> Wed, 23 Jan 2019 07:00:04 +0000 <![CDATA[RNS press release - PDMR Shareholding ]]> Wed, 09 Jan 2019 18:23:54 +0000 <![CDATA[RNS press release - PDMR Shareholding ]]> Wed, 09 Jan 2019 13:46:15 +0000 <![CDATA[RNS press release - Issue of share options ]]> Tue, 08 Jan 2019 16:51:07 +0000 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Tue, 08 Jan 2019 07:00:05 +0000 <![CDATA[News - Eagle Eye Solutions wins new five-year contract with John Lewis’s Waitrose supermarket chain ]]> Eagle Eye Solutions Group PLC (LON:EYE) has won a new five-year contract with the John Lewis Partnership’s Waitrose supermarket chain, which will use the group’s AIR platform to improve their digital marketing.

The AIM-listed Software-as-a-Service (SaaS) technology company said the contract extends its existing relationship with John Lewis that was first announced in May 2017, enabling the platform to connect to all customers across the group.

READ: Digital promotions group Eagle Eye inks three-year deal with Burger King

Tim Mason, Eagle Eye’s CEO, commented: "We are delighted to have won this contract with Waitrose & Partners following on from the work we have done with myJL for John Lewis and look forward to deploying our Eagle Eye AIR platform across their network of stores to drive value through personalised promotions and rewards."

In a one-line comment on current trading included in the contract announcement, the company said that it continues to trade in-line with the board's expectations.

Eagle Eye’s current customer base comprises leading names in UK Grocery, Retail and Food & Beverage, including Asda, J Sainsbury, Greggs, JD Sports, Marks & Spencer, Mitchells & Butlers, Pizza Express, Tesco and Loblaw in Canada.

In a note to clients, analysts at Shore Capital commented: "We expect the current year to June 2019 to see positive EBITDA to emerge and, under the current funded growth plan, to grow strongly into the future, leveraging high gross margins which reflect the nature of the platform over a stable operating cost base."

They added: "Ahead of interim results due in mid-March, we retain our current forecast expectations for the present. Waitrose is a further notable reference client, in our opinion, for Eagle Eye – good news then."

In late morning trading, Eagle Eye Solutions' shares were 2.9% higher at 99.50p.

 -- Adds broker comment, share price --

Mon, 07 Jan 2019 07:42:00 +0000
<![CDATA[RNS press release - Contract Win ]]> Mon, 07 Jan 2019 07:00:04 +0000 <![CDATA[RNS press release - Appointment of Joint Broker ]]> Wed, 02 Jan 2019 07:00:06 +0000 <![CDATA[RNS press release - Capital Markets Event ]]> Thu, 22 Nov 2018 07:00:03 +0000 <![CDATA[RNS press release - Result of AGM ]]> Fri, 16 Nov 2018 16:51:46 +0000 <![CDATA[News - Digital promotions group Eagle Eye inks three-year deal with Burger King ]]> Loyalty scheme and digital promotions company Eagle Eye Solutions Group PLC (LON:EYE) has signed a three-year contract with Burger King in the UK.

The popular fast-food chain will use Eagle Eye’s AIR platform, which allows companies to create and manage loyalty programmes and digital promotions.

READ: Eagle Eye launches digital wallet

Those firms can then use the data collected to better understand their customers and create ultra-targeted campaigns, which Eagle Eye reckons ultimately improves customer retention and sales.

This is Eagle Eye’s first foray into the quick-service restaurant space, having announced plans to move into new sectors earlier this year.

The AIM-listed company said the agreement with Burger King demonstrated the attraction of its technology outside of its traditional grocery and food & beverage sectors.

 Eagle Eye, which is led by former Tesco bigwig Tim Mason, announced the contract win in a trading update ahead of its annual general meeting.

Losses “materially reduced”

Chairman Malcolm Wall will tell shareholders that the company enjoyed a “breakout” 12 months last year and that the momentum has carried through into the first quarter of the new fiscal year.

 In the three months to September 30, revenue grew 26% year-on-year, driven by the continued expansion of a deal with Loblaw – one of Canada’s largest retailers. AIR revenue climbed 36%.

The top-line growth means the adjusted loss for the quarter was “materially reduced”, leaving the company “on track” for its move to profitability.

“The year ended 30 June 2018 was a breakout year for Eagle Eye in which a key highlight was the successful launch of the PC Optimum digital loyalty programme for Canada's leading retail group, Loblaw,” Wall will say.

“With over 150mln offer permutations being delivered each week to the millions of Loblaw customers, we have conclusively proven the scale and capabilities of our AIR platform.”

Shares rose 5.7% to 131p in early deals on Friday.

Fri, 16 Nov 2018 08:08:00 +0000
<![CDATA[RNS press release - AGM Statement ]]> Fri, 16 Nov 2018 07:00:09 +0000 <![CDATA[RNS press release - Non-Executive Director Appointment ]]> Fri, 16 Nov 2018 07:00:04 +0000 <![CDATA[RNS press release - Holding(s) in Company ]]> Tue, 06 Nov 2018 07:00:12 +0000 <![CDATA[RNS press release - 2018 Annual Report & Accounts and Notice of AGM ]]> Mon, 22 Oct 2018 09:30:01 +0100 <![CDATA[RNS press release - Final Results ]]> Tue, 18 Sep 2018 07:00:10 +0100 <![CDATA[RNS press release - Notice of Results ]]> Tue, 28 Aug 2018 07:00:10 +0100 <![CDATA[RNS press release - Trading Update ]]> Wed, 25 Jul 2018 07:00:04 +0100 <![CDATA[RNS press release - Eagle Eye extends credit facility with Barclays ]]> Thu, 28 Jun 2018 07:00:05 +0100 <![CDATA[RNS press release - Death of a Director ]]> Mon, 21 May 2018 07:00:12 +0100 <![CDATA[News - Eagle Eye Solutions shares jump as it launches digital wallet functionality with Sainsbury’s ]]> Eagle Eye Solutions Group PLC (LON:EYE) shares rose on Thursday as the company signed a new contract with J Sainsbury PLC's (LON:SBRY) supermarkets arm for the deployment of its digital wallet functionality, until August 2021, enabling personalised rewards for the retailer's new Nectar loyalty card trial.

The AIM-listed firm said in a statement that the Nectar trial went live on the 12 April on the Isle of Wight, ahead of a potential national rollout if successful.

READ: Eagle Eye Solutions PLC: The digital connection for retailers

The company said customers are able to choose personalised offers they wish to earn Nectar points by using either the Nectar app or website. The offers programme runs on the Eagle Eye AIR platform using its digital wallet capacity.

The company said it expects revenue from the contract to move from professional services fees to transactional fees as customers use their personalised offers.

Eagle Eye Solutions said the firm had been working on a proof of concept with Sainsbury’s since late 2016, after signing a five-year contract in June 2015 for omni-channel coupons.

In morning trading, Eagle Eye Solutions shares were 7.4% to 202.50p.

Thu, 10 May 2018 10:29:00 +0100
<![CDATA[RNS press release - New contract with Sainsbury's ]]> Thu, 10 May 2018 07:00:06 +0100 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Wed, 11 Apr 2018 12:10:43 +0100 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Wed, 04 Apr 2018 16:29:48 +0100 <![CDATA[RNS press release - Eagle Eye update on new Loblaw partner ]]> Tue, 13 Mar 2018 11:11:28 +0000 <![CDATA[RNS press release - Interim Results ]]> Tue, 13 Mar 2018 07:00:04 +0000 <![CDATA[RNS press release - Eagle Eye launches PC Optimum with Loblaw ]]> Tue, 27 Feb 2018 12:00:02 +0000 <![CDATA[RNS press release - Issue of Equity ]]> Mon, 05 Feb 2018 15:53:28 +0000 <![CDATA[RNS press release - Trading Update ]]> Tue, 23 Jan 2018 07:00:04 +0000 <![CDATA[RNS press release - Director Declaration ]]> Tue, 19 Dec 2017 09:57:22 +0000 <![CDATA[News - Eagle Eye Solutions PLC: The digital connection for retailers ]]> It’s been a year since Tim Mason took over as chief executive of Eagle Eye Solutions Group PLC (LON:EYE) .

Since then, Eagle Eye’s value has almost doubled, sales have risen by more than 70% and the company is soon to press the button on a massive loyalty scheme integration for giant Canadian retailer Loblaw.

Though Loblaw might not be well known in the UK it is a huge deal  -  imagine Tesco (Loblaw) taking over Boots (Shoppers Drug Mart) and combining the two, says Mason.

It’s all about consumer data, he says and making the connection between customers and what the retailers are offering.

That digital connection is crucial says Mason and is the piece of the online retail puzzle Eagle Eye offers.

The connection enables the retailer to see what customers are doing and more importantly to respond rapidly.

Many of the world’s largest retailers still haven’t grasped the importance of this, he says.

Maps, messaging, music, all have been completely changed by digital, but walking around a supermarket ‘has not changed one jot’.

“Everyone does exactly the same as they did 25 years ago.

As an example he points to current driving habits: “Try switching Google maps off and don’t use satellite navigation in the car and see how you long last.

 “Many the world’s largest corporations metaphorically still drive around without [the equivalent] of Google maps.”

To personalise and target the business to compete with anyone (but especially Amazon) is the key and that’s the plan with Loblaw.

The two arms of the Canadian business have separate and sizeable loyalty schemes, and by merging them it can create a  ‘single view’ of its customers.

 “How we use this connection to customer identities will sell more products and services and make for happier customers.”

Based on the CRM profile, for example, Loblaw will tailor offers to the person concerned, which is crucial for retailers says Mason.

Instant data can also help trading. If Thursday is a bad day, you can offer something at the weekend to make up.

Regulation changes are forcing companies to look at how they use consumer data and how much information they store online about individuals and consumers.

General Data Protection Regulation (GDPR) will be introduced across Europe next year, which will enable people much easier access to the information about them stored online.

There are swingeing fines proposed for companies that do not comply and for Eagle Eye that presents an opportunity.

Customers signing up to a loyalty scheme managed by Eagle Eye already opt-in to hand over details, but tardy companies are having to address the issue urgently .

Mason believes there is a trade-off between what people are prepared to offer about themselves in return for financial and other benefits.

More rewards would encourage them to hand over more information.

Loblaw, for example, is introducing a blood pressure test that links back to health & wellbeing offers.

This loyalty scheme integration will be closely watched by other retailers, especially those now in the cross-hairs of Amazon.

For Eagle Eye going forward, Loblaw also stands to be a significant marketing opportunity.

The AIM firm already has an impressive list of customers ranging from Sainsbury’s and John Lewis in the UK through to a loyalty prize scheme with Google.

This momentum is also now showing through in the financial numbers.

Sales in the year to June rose by 71% to £11.1mln, with another 36% rise in the first three months of the current year.

Losses in the year to June were £3.5mln (£3.6mln).

Redemption volumes rose by 50% on the previous quarter to 32.6mlm and by 179% on the same period a year ago as a scheme with Sainsbury's came onstream fully.

Mason says one of the reasons he joined Eagle Eye was the long term potential and says the Loblaw contract will be ‘another huge step-up’.

At 205p, Eagle Eye is valued at £52mln. If Mason is right about the way retail is heading you won’t need a text message to see that’s a bargain.

Thu, 23 Nov 2017 09:14:00 +0000
<![CDATA[Media files - Eagle Eye Solutions' Tim Mason on the group's significant growth opportunities ]]> Thu, 16 Nov 2017 11:22:00 +0000 <![CDATA[RNS press release - Issue of share options ]]> Fri, 10 Nov 2017 16:03:11 +0000 <![CDATA[News - Eagle Eye Solutions' revenues climb as new programmes come on stream ]]> Eagle Eye Solutions PLC (LON:EYE) has seen its recent good sales momentum continue, it told shareholders at its annual meeting.

Revenues improved by 36% to £3.1mln in three months to September, said chairman Malcom Wall, while cash generated was better than expected and boosted cash holdings to £1.7mln.

Eagle Eye had already predicted first quarter turnover would be at least £3mln.

The loyalty programmes group has a string of major retailers as customers and a number of contracts have either just gone live or will do shortly.

Redemption volumes rose by 50% on the previous quarter to 32.6mlm and by 179% on the same period a year ago as a scheme with Sainsbury's that came onstream in the final quarter of the previous trading year contributed fully.

Canadian retailer Loblaw is using Eagle Eye’s Air platform to integrate its analogue and digital loyalty schemes into one product, PC Optimum, which will be available through a card, app and currency.

PC Optimum is scheduled to go live on 1 February and will support all loyalty transactions at Loblaw supermarkets, Shoppers Drug Mart locations and PCF Financial bank services.

A programme with Google has also gone live and enables Visa and Android Pay users who tap to pay at any location to win instant prizes redeemable at merchants who are signed up to Eagle’s AIR network. 

Revenue generated from client subscription fees and transactions over the network rose to 72% of revenue in the latest quarter from 68% over the pervious year.

Shares were flat at 232p. 

Thu, 09 Nov 2017 13:43:00 +0000
<![CDATA[RNS press release - Result of AGM ]]> Thu, 09 Nov 2017 13:30:01 +0000 <![CDATA[RNS press release - AGM Statement ]]> Thu, 09 Nov 2017 07:00:07 +0000 <![CDATA[RNS press release - Director/PDMR Shareholding ]]> Fri, 27 Oct 2017 09:58:03 +0100 <![CDATA[RNS press release - 2017 Annual Report & Accounts and Notice of AGM ]]> Thu, 12 Oct 2017 07:00:03 +0100 <![CDATA[RNS press release - Holding(s) in Company ]]> Tue, 19 Sep 2017 18:14:52 +0100 <![CDATA[RNS press release - Final Results ]]> Tue, 19 Sep 2017 07:00:05 +0100 <![CDATA[RNS press release - Notice of Results ]]> Wed, 16 Aug 2017 16:41:47 +0100