Pelatro PLC (AIM:PTRO, FRA:7ZB) Subash Menon CEO & Co-Founder joins Proactive London to discuss their first half performance with revenue coming in at US$3.46mln, versus US$2.9mln in the same period last year.
Recurring revenue was US$2.43mln, representing 70% of total revenue. Earnings (adjusted EBITDA) was US$1.61mln, up from US$0.66mln. Margins were 47% and earnings per share were 1.6 cents.
He says they already have 67% of visibility for next year which means 'two thirds of the revenue we are expecting in 2022 is already contracted and with us'.