Celebrus Technologies delivers 'another strong H1 result'

25th Oct 2024 09:52

(Sharecast News) - Data solutions provider Celebrus Technologies said on Friday that it had delivered "another strong H1 result", leaving the group confident that it will see another year of progress and a full-year performance in line with management expectation.

Celebrus said interim revenues were slightly higher at $17.0m, up from $16.2m a year earlier, with annual recurring revenues increasing from $21.3m to $26.2m. Adjusted pre-tax profits surged, up from $200,00 in H124 to $1.0m in H125.

The AIM-listed group added that cash balances at the end of the half were "robust" at $25.5m, up from $17.9 m at the same time a year earlier, and noted that it remains debt-free.

Chief executive Bill Bruno said: "We are pleased to report another strong H1 result, and with the progress we have made as a business with our investments in both our sales and customer success business units. This has resulted in a a strong and growing pipeline for both new and existing business to support future growth.

"We have also continued to explore potential acquisition targets to enhance the Celebrus platform while continuing to invest in our organic growth initiatives. "

As of 0950 BST, Celebrus shares were down 0.80% at 277.75p.

Reporting by Iain Gilbert at Sharecast.com