KRM22 PLC (AIM:KRM, OTC:KRMCF)’s annual recurring revenue (ARR) continued to grow in its latest half-year, noted broker Cavendish, with the group on track to hit its target of £10 million.
Free cash flow improved and continuing ARR and revenue growth should drive high operational gearing, towards positive free cash generation.
News flow around Limits Manager and Rights Manager products will be the main drivers going forward alongside continuing turnaround in free cash flow, supported in the second half by £0.2 million non-recurring revenue and a £0.2 million R&D tax credit receipt.