Business
essensys - Market and trading update
essensys - Market and trading update.
About this update from Essensys Plc
[{"type":"text","content":"\n \n \n RNS Number : 3419H\n essensys PLC\n 24 March 2020\n \n \n \n \n 24 March 2020 \n \n \n \n \n \n essensys plc\n \n \n (\"essensys\" or the \"Group\")\n \n \n \n \n \n Market and trading update\n \n \n \n \n \n The Board of essensys plc (AIM:ESYS), the leading global provider of mission critical software-as-a-service (SaaS) platforms and on-demand cloud services to the flexible workspace industry, has decided to voluntarily \n comply with the recommendation from the Financial Reporting Council (FRC) to all listed companies to delay the publication of interim financial statements for at least two weeks. This follows a similar request from the FCA on 21 March 2020 relating to companies listed on the Main Market of the London Stock Exchange. \n \n \n \n \n \n essensys was one of a number of companies alerted to the FRC recommendation on Monday 23 March 2020, ahead of the planned announcement of its half year financial statements for the six months ended 31 January 2020, which until the events of yesterday evening the Group had intended to release as planned.\n \n \n \n \n \n Given the advice from the FRC, we are providing a market and trading update which includes \n unaudited highlights and commentary on trading performance for the half year ended 31 January 2020\n , current trading and the impact of Covid-19.\n \n \n \n \n \n Further updates will be given as to the timing of the publication of our half year results, as soon as we are advised by the relevant regulators.\n \n \n \n \n \n Unaudited financial summary:\n \n \n \n \n \n \n \n \n \n £m unless otherwise stated\n \n \n \n \n Six months to January\n \n \n 2020\n \n \n \n \n Six months to January\n \n \n 2019\n \n \n \n \n Change\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Revenue\n \n \n \n \n 11.4\n \n \n \n \n 9.6\n \n \n \n \n +19%\n \n \n \n \n \n \n \n Recurring revenue\n \n \n 1\n \n \n \n \n \n 9.7\n \n \n \n \n 7.5\n \n \n \n \n +29%\n \n \n \n \n \n \n Run Rate Annual Recurring Revenue1\n \n \n \n \n 19.7\n \n \n \n \n 15.4\n \n \n \n \n +28%\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Statutory (loss) before tax\n \n \n \n \n (0.1)\n \n \n \n \n (0.4)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n &n...