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.
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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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Small Cap Wrap - Imperial X, Kibo Energy, Globalworth Real Estate and more...
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