Crimson Tide reported modest growth in revenues and a substantial increase in profits YoY for H1’19 as a shift to favour high visibility, higher margin SaaS revenues over one-off hardware sales impacted mix. The group remains on track to accelerate growth during H2 as a carefully incubated commercial pipeline comes to fruition. We believe the shares’ lack of momentum year to date presents an opportunity and highlight upside potential to our PT.
27 Sep 2019
Interim results: Mix shift in H1; H2 pipeline strong
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Interim results: Mix shift in H1; H2 pipeline strong
Crimson Tide Plc (TIDE:LON) | 160 0 0.0% | Mkt Cap: 10.5m
- Published:
27 Sep 2019 -
Author:
Kartik Swaminathan -
Pages:
6
Crimson Tide reported modest growth in revenues and a substantial increase in profits YoY for H1’19 as a shift to favour high visibility, higher margin SaaS revenues over one-off hardware sales impacted mix. The group remains on track to accelerate growth during H2 as a carefully incubated commercial pipeline comes to fruition. We believe the shares’ lack of momentum year to date presents an opportunity and highlight upside potential to our PT.