07 Apr 2022
Crimson Tide - Stepping up the investment plan to secure opportunities
The results contain no surprises as mpro5 continues to see strong demand (sales +16% to £4.1m and ARR +24% to £3.8m at YE, rising to >£4.0m since). This confirms TIDE’s opportunity for accelerated growth from an investment programme after the record £5.6m equity raise last April. After a 1H profit, 2H investment in product and marketing saw in an anticipated small loss. Not as much has been spent as we expected, leaving £5.7m net cash at YE, but management plans to step up sales and marketing in ....
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Crimson Tide - Stepping up the investment plan to secure opportunities
Crimson Tide Plc (TIDE:LON) | 160 0 0.0% | Mkt Cap: 10.5m
- Published:
07 Apr 2022 -
Author:
Cavendish Research -
Pages:
15
The results contain no surprises as mpro5 continues to see strong demand (sales +16% to £4.1m and ARR +24% to £3.8m at YE, rising to >£4.0m since). This confirms TIDE’s opportunity for accelerated growth from an investment programme after the record £5.6m equity raise last April. After a 1H profit, 2H investment in product and marketing saw in an anticipated small loss. Not as much has been spent as we expected, leaving £5.7m net cash at YE, but management plans to step up sales and marketing in ....