Business
Final Results
Final Results.
About this update from Software Circle Plc
[{"type":"text","content":"\n\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.\n \n24 July 2024\n \nSoftware Circle plc\n(\"Software Circle\", \"the Company\" or \"the Group\")\n \nPreliminary Results for the year ended 31 March 2024\n \nSoftware Circle plc (AIM: SFT) announces its full year audited results for the year ended 31 March 2024.\nFinancial highlights\n\n\n\n\n\n\n\n2024\n\n\n2023\n\n\n\n\nRevenue\n\n\n£16.2m\n\n\n£12.5m\n\n\n\n\nOperating EBITDA*\n\n\n£2.8m\n\n\n£1.3m\n\n\n\n\naEBITDA*\n\n\n£1.7m\n\n\n£0.4m\n\n\n\n\nTotal comprehensive loss\n\n\n£(2.4)m\n\n\n£(1.6)m\n\n\n\n\nEPS\n\n\n(0.9)p\n\n\n(1.4)p\n\n\n\n\nCash generated from operating activities\n\n\n£2.6m\n\n\n£0.3m\n\n\n\n\nCash and cash equivalents\n\n\n£15.4m\n\n\n£2.0m\n\n\n\n\nOperating cash flow per share*\n\n\n0.6p\n\n\n(0.1)p\n\n\n\n\nNet cash / (debt)\n\n\n£6.9m\n\n\n£(16.7)m\n\n\n\n\n \n*Alternative performance measures defined in note 17\n \n \nStrategic highlights\n● Change of name to Software Circle plc\n● Raised £23.1m net of issue costs through issuance of additional equity\n● Acquisition of Arc Technology Limited\n● Agreed to sale of the printing.com domain for £1.8m\n● Combined organic revenue growth in acquired companies of 7%\n● £5.1m of revenue growth added through acquisition\n● Increased earnings in acquired companies of 20%\n● Increased Recurring Revenues from 35% to 57% of Total Sales\n \nFor further information:\n \n\n\n\n\nSoftware Circle plc\n\n\n \n\n\n \n\n\n\n\nGavin Cockerill (CEO)\n\n\n07968 510 662\n\n\n\n\n\n\n\n\n\n\n\n\nAllenby Capital Limited (Nominated Adviser and broker)\n\n\n0203 328 5656\n\n\n\n\nDavid Hart / Piers Shimwell (Corporate Finance)\nStefano Aquilino / Joscelin Pinnington (Sales and Corporate Broking)\n\n\n\n\n\n\n\n\n\n \nChairman's Statement\nThis will be my last Chairman's stateme...