Actual Experience has today released Prelims to September which reveal promising financial and operational progress. Sales of £1.9m equates to 80% y/y growth, meanwhile y/e ARR has grown to £2.0m (PY: £1.6m, 1H19: £1.8m). Costs have been tightly controlled, meaning losses narrowed to £-5.9m (PY: £-7.2m) and following a fundraise in July, this left a strong y/e cash balance of £7.9m. From a business perspective, important milestones were reached, as ACT secured two significant ‘land and expand’ d ....
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Prelims: Channel Strategy Evolves
- Published:
23 Jan 2020 -
Author:
Kevin Ashton -
Pages:
3
Actual Experience has today released Prelims to September which reveal promising financial and operational progress. Sales of £1.9m equates to 80% y/y growth, meanwhile y/e ARR has grown to £2.0m (PY: £1.6m, 1H19: £1.8m). Costs have been tightly controlled, meaning losses narrowed to £-5.9m (PY: £-7.2m) and following a fundraise in July, this left a strong y/e cash balance of £7.9m. From a business perspective, important milestones were reached, as ACT secured two significant ‘land and expand’ d ....