Productivity and collaboration software specialist IQGeo Group PLC said current trading was in line with management forecasts buoyed by a record order intake of £57.2 million.
"[This] gives improved visibility and confidence as we head into 2024," the company said in commentary running alongside its full-year results.
The company also told investors that its headline figures "have continued to exceed market expectations" as it weighed in with revenue growth of £44.5 million, up 67% year on year, and underlying earnings (EBITDA) more than tripled at £6.6 million for 12 months ended December 31 (up from £1.9 million for the prior year).
IQGeo was also free cash flow positive, with £11 million on the balance sheet, putting it in a strong financial position. The exit run rate for annual recurring revenue was £21.3 million, up 41%.
"Our record order intake, strong growth in exit ARR and more than three-fold growth in adjusted EBITDA demonstrate the strength of our proposition, our position in our chosen markets and the innovation of our technology," said CEO Richard Petti.
"Our future is underpinned by global megatrends that will deliver long-term sustainable growth in our end markets for many years to come."