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KRM22 PLC's (LON:KRM) Keith Todd talks to Proactive London about their latest trading update for the year to December 31, 2020.
The investment software firm forecast an adjusted EBITDA loss for the year of £0.1mln, narrowed from £3.1mln in 2019, while revenues are expected to rise to £4.6mln from £4.1mln.
Todd highlights the significant improved adjusted EBITDA loss for its 2020 financial year and highlighted a number of contracts expected to be signed in early 2021.
Speaking about improving their customer base, Todd says they have signed three new tier 1 banks in the year. These covered three different products and each customer provides opportunities to sell other products to the same institution over the years ahead.
