Tern has delivered a solid set of first-half results and further positive developments post-period. The portfolio is at an inflexion point, with configuration work turning to repeat licencing revenue and aggregated monthly recurring revenues (MMR) increasing 112% in H1. Recent third-party investments and uplifts in value recognised in 2021 and early 2022, coupled with the 35% net asset growth accomplished in 2021, are critical proof points that Tern’s model is delivering. The first Series B roun ....
23 Sep 2022
PROGRESSIVE: Tern: Repeat licencing revenue a highlight of H1 22
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PROGRESSIVE: Tern: Repeat licencing revenue a highlight of H1 22
Tern PLC (TERN:LON) | 2.7 0 1.9% | Mkt Cap: 11.5m
- Published:
23 Sep 2022 -
Author:
Gareth Evans | Tessa Starmer -
Pages:
5
Tern has delivered a solid set of first-half results and further positive developments post-period. The portfolio is at an inflexion point, with configuration work turning to repeat licencing revenue and aggregated monthly recurring revenues (MMR) increasing 112% in H1. Recent third-party investments and uplifts in value recognised in 2021 and early 2022, coupled with the 35% net asset growth accomplished in 2021, are critical proof points that Tern’s model is delivering. The first Series B roun ....