Crimson Tide has reported resilient second interims (6M to Dec-24) ahead of its FY25 16M period to April showing -3% revenue to £6.0m, +125% adj EBITDA to £1.0m and £2.1m net cash for the 12M to Dec-24. As reported at first interims, constrained conversion of the pipeline follows several operational and trading headwinds: transitions in management, distractions from three takeover approaches in two years; extended sales cycles; and limited sales capacity at the conversion stage. While ARR fell - ....
