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Pelatro says interim momentum continues as revenues increase

Published: 08:57 28 Sep 2021 BST

Pelatro PLC - Pelatro positive performance driven by expanded suite and mobile

Pelatro PLC (AIM:PTRO, FRA:7ZB) said the positive momentum seen in the first half is continuing, with the precision marking software firm able to sell an expanded product suite across its customer base.

A move into mobile advertising has started well, Pelatro’s non-executive chair Richard Day said in Tuesday’s interim results statement.

First half revenue was US$3.46mln, versus US$2.9mln in the same period last year. Recurring revenue was US$2.43mln, representing 70% of total revenue. Earnings (adjusted EBITDA) was US$1.61mln, up from US$0.66mln. Margins were 47% and earnings per share were 1.6 cents.

"The momentum we have seen in the first half of the year is being maintained, with the group being able to sell an expanded suite of products across our customer base,” Day said. “Our planned move into the mobile advertising space has started well and is throwing up some exciting prospects in non-telco areas as well.

The chairman added: “With a sound business base, a wide range of quality products, excellent prospects and current visibility of c. US$7.2mln for this year as a whole, we have every confidence as we look forward to the end of the year and beyond to the longer term."

Following a post-period share placing, the company had US$2.8mln of net cash at the end of August.

In its outlook, Pelatro highlighted revenue visibility of some US$7.2mln for the full-year and an US$18mln pipeline including some US$5mln expected from existing customers.

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