Positive update today, reveals that recurring revenue continues to progress strongly within Checkit Connect: +30% LFL in Q3 or +24% YTD (now ~37%/group sales), driven by new wins, the implementation of the landmark BP deal and also the conversion of existing annual calibration and maintenance contracts into subscription-based income. It‘s also encouraging to note that Checkit BEMS had a more robust quarter - revs fell just -5% vs. -9% in H1, as government restrictions eased and field engineers r ....
10 Nov 2020
Solid Q3 update, especially cashflow
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Solid Q3 update, especially cashflow
Checkit plc (CKT:LON) | 22.0 0 0.0% | Mkt Cap: 23.8m
- Published:
10 Nov 2020 -
Author:
Caspar Erskine | Harold Evans | Kevin Ashton -
Pages:
3
Positive update today, reveals that recurring revenue continues to progress strongly within Checkit Connect: +30% LFL in Q3 or +24% YTD (now ~37%/group sales), driven by new wins, the implementation of the landmark BP deal and also the conversion of existing annual calibration and maintenance contracts into subscription-based income. It‘s also encouraging to note that Checkit BEMS had a more robust quarter - revs fell just -5% vs. -9% in H1, as government restrictions eased and field engineers r ....