Checkit has delivered a very robust H1, with ARR up 48% to £10.2m, driven by several very encouraging wins, which continue to highlight the company’s compelling value proposition and large market opportunity. Despite these long-term drivers, progress has moderated in recent months (H1 sales bookings are flat y/y) as CKT has started to see macro impacts on its business, including longer sales cycles. To capture this short-term caution, we update our forecasts – trimming FY23 & 24 sales 6% and 12% ....
15 Sep 2022
Reset forecasts see losses narrow
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Reset forecasts see losses narrow
Checkit plc (CKT:LON) | 22.0 0.2 4.8% | Mkt Cap: 23.8m
- Published:
15 Sep 2022 -
Author:
Harold Evans -
Pages:
3
Checkit has delivered a very robust H1, with ARR up 48% to £10.2m, driven by several very encouraging wins, which continue to highlight the company’s compelling value proposition and large market opportunity. Despite these long-term drivers, progress has moderated in recent months (H1 sales bookings are flat y/y) as CKT has started to see macro impacts on its business, including longer sales cycles. To capture this short-term caution, we update our forecasts – trimming FY23 & 24 sales 6% and 12% ....