essensys interims confirm the material step up in non-recurring revenue (NRR) announced in the recent update, indicative of an acceleration in gross site additions. Revenues grew +18% y/y to £12.9m, with NRR up +110% y/y to £2.3m and recurring +8% y/y to £10.6m. Total sites returned to sequential growth (+1 h/h) as a function of a >30% y/y increase in gross site additions which offset headwinds from strategic customer portfolio rebalancing and non-strategic site churn. What is most encouraging i ....
28 Mar 2023
Inflection approaching
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Inflection approaching
essensys PLC (ESYS:LON) | 17.8 0 0.0% | Mkt Cap: 11.5m
- Published:
28 Mar 2023 -
Author:
Caspar Erskine -
Pages:
9
essensys interims confirm the material step up in non-recurring revenue (NRR) announced in the recent update, indicative of an acceleration in gross site additions. Revenues grew +18% y/y to £12.9m, with NRR up +110% y/y to £2.3m and recurring +8% y/y to £10.6m. Total sites returned to sequential growth (+1 h/h) as a function of a >30% y/y increase in gross site additions which offset headwinds from strategic customer portfolio rebalancing and non-strategic site churn. What is most encouraging i ....