Crimson Tide, developer of the cloud native process management platform mpro5, reports 1H23 +35% ARR and +31% revenue growth yoy, positive adj EBITDA and £2.9m net cash demonstrating strong underlying performance on its path to adj PBT profitability in FY24. £0.1m adj EBITDA (1H22: £-0.3m) from £3m revenue, of which 95% is recurring, was driven by new contract wins, upsells and extensions including the landmark US contract and an NHS Trust contract incorporating newly developed IoT capabilities. ....
