In a Trading Update for the six months to 31 July 2020 Checkit reports that, on a normalised basis, recurring revenue rose 23.4% YoY to £1.9m, whilst non-recurring revenue, on the same basis declined by 6.8% YoY to £4.3m. Normalised data is based on ownership of Checkit UK for the whole period - Checkit UK was acquired on 14 May 2019. Facing the circumstances occasioned by the COVID-19 pandemic the Group continues to base planning on recurring revenues which have remained resilient, in contrast to a contraction in installation and project-based non-recurring revenue streams. Total H1 ‘20 revenue rose 2.3% YoY to £6.4m compared to £6.2m, normalised, in H1 ‘19 (£3.2m on an actual basis).
12 Aug 2020
Trading Update: six months to 31 July
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Trading Update: six months to 31 July
Checkit plc (CKT:LON) | 22.0 0 0.0% | Mkt Cap: 23.8m
- Published:
12 Aug 2020 -
Author:
Hannah Crowe -
Pages:
6
In a Trading Update for the six months to 31 July 2020 Checkit reports that, on a normalised basis, recurring revenue rose 23.4% YoY to £1.9m, whilst non-recurring revenue, on the same basis declined by 6.8% YoY to £4.3m. Normalised data is based on ownership of Checkit UK for the whole period - Checkit UK was acquired on 14 May 2019. Facing the circumstances occasioned by the COVID-19 pandemic the Group continues to base planning on recurring revenues which have remained resilient, in contrast to a contraction in installation and project-based non-recurring revenue streams. Total H1 ‘20 revenue rose 2.3% YoY to £6.4m compared to £6.2m, normalised, in H1 ‘19 (£3.2m on an actual basis).