Company
Pelatro PLC
LON:PTRO
Pelatro PLC provides contextual marketing software for use in B2C applications, with a current focus on providing software to global telecommunications companies to provide contextualised, relevant and personalised communication to its subscribers. Incorporated in early 2017, Pelatro PLC acts as a holding company for the Group. It is headquartered in the UK with offices in the US, Brazil, Singapore and Malaysia and Global Development Centres in India, Russia and the Philippines.
43 stories
Pelatro sees strong growth in annualised recurring revenues during 2021
The company’s annualised recurring revenue stands at US$6.0mln, up from US$4.0mln in January 2020.
Pelatro wins third new customer of 2021
Pelatro provides its mViva platform for use by customers in B2C and B2B applications
Pelatro CFO moves full-time as expansion into mobile advertising and non-telco work progresses
The marketing software group started investing more in people and marketing in the non-telco space following the fundraising in July
Pelatro wins contract expected to contribute about U$600,000 in revenue over three years
"This should further strengthen our activities and presence in Europe, paving the way for more contracts in the region," said managing director and chief executive Subash Menon
Pelatro says interim momentum continues as revenues increase
"We have every confidence as we look forward to the end of the year and beyond to the longer term," said chairman Andrew Day
Pelatro to meet full-year revenue target
"We are seeing real momentum in our business and continue to build our work-in-progress pipeline to secure and underpin our ongoing and expanding operations"
Pelatro launches placing and PrimaryBid share offer
New Pelatro shares are being sold at a price of 40p each.
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Pelatro bags more contracts from existing customers
The contract wins take the total value of contracts in hand and representing 2021 revenue to around US$7mln
Pelatro highlights additional contract wins
The telecoms software group said the new deals mean its total contract revenue for 2021 now stands at around US$6.8mln
Pelatro higher after deepening its relationship with a large Asian telco
Pelatro will be paid a fixed amount quarterly for all the base products and services making this a recurring revenue contract.
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Further to the Company's announcement on 14 April, noting the announcement by CPI Property Group S.A. and Aroundtown SA of a firm intention to make a cash offer for the Company, the Company has formed an independent committee of the Board i
Pelatro confident of meeting financial expectations as it lands US$500,000-worth of contracts
This takes the total new business for the year to US$6.5mln in revenues
Pelatro says 2020 ended with good order book and revenue visibility
The mViva platform had been successfully stress-tested to the extreme during the pandemic
Pelatro has 'every confidence' of meeting financial expectations with order book currently at US$6mln
The company said it won a further US$400,000 in new business
Pelatro completes massive installation programme at its largest Asian customer
The customer's network is huge, with more than 400mln subscribers
Pelatro lands contract with Asian telecoms group, says 2020 results will be in line with expectations
The company said its re-positioning phase has now passed, and management is looking forward to healthy revenue growth in 2021
Pelatro lands another recurring revenue contract
The switch to an annual recurring revenue model is picking up pace
Pelatro targets expanding data monetisation market
Pelatro PLC (LON:PTRO) is a customer engagement software house which processes information designed to turn phone users into repeat customers of telecoms firms and mobile networks
Pelatro unveils new contract, anticipates second half weighting of revenues
The expanded contract, for a large telco group, is expected to contribute around US$1.5mln in revenues over a five year period
Pelatro raises new funds for sales, marketing and working capital
The fundraising is conditional on a general meeting to be held on August 20
Pelatro picks up US$2mln telecom customer upgrade
The award underpins the board's confidence in this year's market expectations, Pelatro said.
Pelatro's bigger recurring revenues should be catalyst for re-rating, says Cenkos
Growth in annualised recurring revenue “should lead the company to fully recover its cash cost base, possibly as early as the end of fiscal 2021,” the analysts said
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Pelatro reiterates 2020 expectations as revenue visibility rises
The customer engagement software specialist said it is aiming to increase its recurring revenues to “low double digits in the next two to three years”
Pelatro a difference-maker for mobile phone companies
The company processes huge swathes of data with the aim of turning subscribers users into loyal repeat customers
Pelatro's focus on recurring revenues should bear fruit, says broker
“Management is targeting the growth in recurring revenues to cover the cash cost base of the company by 2022," Cenkos said. “This event will mark a material de-risking of the investment case and is the pathway to the share price doubling or
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FTSE 100 closes higher as global growth fears ease, but Carnival shares sink
The UK's premier index closed up nearly 19 points at 7,169, while FTSE 250 added over 96 at 8,896
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The UK blue-chip index closed nearly four points higher at 7,511
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FTSE 100 calls Mayday but manages to end the day safely in positive territory
Poor manufacturing stats raise worries over the British economy, the PMI measure for April was the lowest for 17-months..
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Pelatro heralds 2017 as "a successful year of growth", with four new customers for its mViva platform
In a trading update, the precision marketing software specialist – which only listed on AIM on 19 December 2017 – said its full year revenues are expected to be greater than US$3mln