NORTHCODERS GROUP PLC (CODE) — Interim Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the NORTHCODERS GROUP PLC Interim Results Investor Presentation. Throughout this recorded meeting, investors are in listen only mode. Company The may not be in a position to answer every question received during the meeting itself. However, can review all questions submitted there and publish responses where appropriate to do so. Before we begin, we'd like to submit the following poll. I'd now like to hand you over to Chris Hill, CEO. Good afternoon, sir. Hi. Thank you very much. Good afternoon. So we've had a great start to the year with our H1 results. So thank you for joining us, we're looking forward to going through them with you. My name is Chris. I'm the founder of NORTHCODERS. I'm the CEO. Hi, everyone. My name is Charlotte Prior, CFO. Just to go over some financial highlights from today, we're really pleased to put out our half year results that are around half of the market expectation for the year. Revenue grew 26% to $4,400,000 in the period, and this was slightly ahead of management expectations. As a growth company, we are usually second half weighted, so really happy to get to that halfway stage on that market expectation. We're pleased to report that gross margin increased to 67% from 62% last year. The year 2023 also ended on around 62, 63%. So we've really drove driven those efficiencies within that teaching model. So that's down to the end core platform that we have end And And we're lot past. A we're seeing 40,000 to just over 400,000 in the period. That is down to investments made in the efficiencies last the investments that we made last year that are now coming through this year. We have returned to profitability bottom line with an EPS of going up to 2.58. We've got a strong balance sheet with a cash balance of 1...