CHECKIT PLC (CKT) — Half Year Results

Investor webinar replay

Replay transcript excerpt

Afternoon, ladies and gentlemen. Welcome to the CHECKIT PLC Interim Results Investor Presentation. Of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company will review all questions submitted today and publish responses where it's appropriate to do so, and these will be available via your meet company dashboard. Before we begin, I would like to submit the following poll, and I would now like to hand you over to CEO, Kit Kite. Good afternoon, sir. Hey. Good afternoon, and good afternoon, everybody, and thank you for making the time to tune in to our half year results webinar. We have a little bit of ground to cover today, so I'll start off with some highlights and financial highlights. And then for those that are new or those that are already existing shareholders and they know us well, we'll recover the why CHECKIT story and what makes us such an attractive market, particularly in light of current technology trends. Then we'll cover off some of the pillars of our strategy before doing a bit more of a deep dive into h one and some of our customer stories. Then I'll hand over to Greg for more focus on the financials before we open the floor to questions. So, yeah, we're very happy with the results delivered so far. So ARR coming in at 12,600,000 at the half, up 24% year on year. And and The US ARR of 3,200,000, up 41% year on year, evidencing continued traction in that market. Recurring revenue of 5,400,000, 22%, and total revenue of 5,700,000, 19% follow on accordingly. Worth noting that recurring revenue is, represents 95% of all revenues in this business. And the net retention rate at a 113%, continues to reinforce the land and e...