KRM22 PLC - Trading Update
("KRM22", the "Group" or the "Company")
The Company expects to report a FY2019 full year performance of Adjusted EBITDA loss in line with market expectations, from recognised revenue of approximately
The Company has ARR of
The Company continues to have a strong pipeline of prospects, including deals commercially agreed but in the process of being contracted, and remains focused on driving organic growth during FY2020. Cash at
The action taken during 2019 to reduce the cost base combined with the increase in ARR and strong sales pipeline has ensured the Company is on track to be adjusted EBITDA profitable and cash flow positive in 2020.
For further information please contact:
Keith Todd CBE, Executive Chairman and CEO
Kim Suter, CFO
finnCap Ltd (Nominated Adviser and Sole Broker) +44 (0)20 7220 0500
Carl Holmes / Matthew Radley
KRM22 is a closed-ended investment company which listed on AIM on
Through its investments and the Global Risk Platform, KRM22 helps capital market companies reduce the cost and complexity of risk management. The Global Risk Platform provides applications to help address firms' regulatory, market, technology and operations risk challenges and to manage their entire enterprise risk profile.
Capital markets companies' partner with KRM22 to optimize risk management systems and processes, improving profitability and expanding opportunities to increase portfolio returns by leveraging risk as alpha.
See more about KRM22 at KRM22.com.
The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.
This information is provided by RNS, the news service of the
Quick facts: KRM22 PLC
Market Cap: £10.81 m
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