A positive FY’22e pre-close update from ESYS, highlighting in-line revenues (SCMe forecast revs: £23.5m (+6% y/y)), and cash ahead at year-end (£24m; SCMe: £22.1m). The Group has successfully renewed with it largest customers in the US and UK whose expansion plans, alongside new logos wins in the year, have led to contracted pipeline worth an estimated £1.6m ARR at year-end. Investment plans remain on track, with new operational footprints established and sites going live in Europe and APAC. We ....
24 Aug 2022
FY'22 in-line, cash ahead
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FY'22 in-line, cash ahead
essensys PLC (ESYS:LON) | 18.2 0 0.0% | Mkt Cap: 11.8m
- Published:
24 Aug 2022 -
Author:
Caspar Erskine -
Pages:
3
A positive FY’22e pre-close update from ESYS, highlighting in-line revenues (SCMe forecast revs: £23.5m (+6% y/y)), and cash ahead at year-end (£24m; SCMe: £22.1m). The Group has successfully renewed with it largest customers in the US and UK whose expansion plans, alongside new logos wins in the year, have led to contracted pipeline worth an estimated £1.6m ARR at year-end. Investment plans remain on track, with new operational footprints established and sites going live in Europe and APAC. We ....