LONDON - Celebrus Technologies plc (AIM: CLBS), a leading data solutions provider, announced today that its financial results for the first half of the fiscal year ending September 30, 2024, are expected to align with management's forecasts. The company reported revenues of approximately $17.0 million, up from $16.2 million in the same period last year, and an adjusted profit before tax of roughly $1.0 million, showing significant growth from a profit of $0.2 million in the prior year's first half.
The company's annual recurring revenue (ARR) also saw an increase to $26.2 million, compared to $25.5 million as of March 31, 2024, and $21.3 million as of September 30, 2023. Celebrus has maintained a robust cash balance of $25.5 million, remaining debt-free and underscoring the company's solid financial position.
This financial performance comes after the board's decision, announced on July 9, 2024, to report results in US dollars due to the majority of the company's revenues being derived from global customers who typically contract in US dollars.
CEO Bill Bruno expressed satisfaction with the company's strong half-year results and highlighted the progress made in the Sales and Customer Success business units. The development of a growing pipeline for new and existing business is expected to support future growth. Celebrus is also actively exploring potential acquisition targets to enhance its platform while continuing to invest in organic growth initiatives.
Celebrus will publish detailed half-year results on December 3, 2024, and will present them live via the Investor Meet Company platform, with further details to be announced.
The information provided in this article is based on a press release statement from Celebrus Technologies plc.
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