PRSM has announced interim results for half year to end April. Revenues came in at £9.3m vs our expectation of £8.2m, this was 133% YoY growth. EBITDA loss at £2.7m was in line as they continue to reinvest heavily in the business. Monthly Recurring Revenue exited the period with a run rate of £1.72m, again ahead of our expectations, up from £0.95m at the year end and up from £0.66m at the previous half year. Recurring revenue was 91% up from 83%.
