Elektron Technology’s nascent real-time operations management business, Checkit, has made rapid progress over the first two months of FY19, ahead of management’s expectations. Contracted annual recurring revenue has increased to over £1.0m, up from c.£0.75m at the end of FY18 (January year end) and c.£270k at the end of FY17. The business is focused on scaling-up: building its UK customer base and extending its service offer, with plans for international expansion later in FY19. This progress co ....
10 Apr 2018
Growth milestone for Checkit
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Growth milestone for Checkit
Checkit plc (CKT:LON) | 22.0 0 0.0% | Mkt Cap: 23.8m
- Published:
10 Apr 2018 -
Author:
Jo Reedman -
Pages:
3
Elektron Technology’s nascent real-time operations management business, Checkit, has made rapid progress over the first two months of FY19, ahead of management’s expectations. Contracted annual recurring revenue has increased to over £1.0m, up from c.£0.75m at the end of FY18 (January year end) and c.£270k at the end of FY17. The business is focused on scaling-up: building its UK customer base and extending its service offer, with plans for international expansion later in FY19. This progress co ....