H1 results to July show steadfast progress, with sales: +16% y/y this driving continued LBITDA improvement, as this narrowed from £-1.9m to £-1.4m and in turn, left plentiful net cash of £7.0m at period-end. Driving this, CKT successfully rolled out a key contract in Australia and New Zealand, while also converted new prospects, which achieved 38% bookings growth. This strong demand for new and existing products, provides ongoing confidence that CKT can continue to scale to profitability and beyond. CKT continues to be one of the cheaper small-cap/ARR businesses in our universe, trading on just 2x mkt cap/sales. N/c to forecasts.
