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Checkit plc ( (GB:CKT) ) has shared an update.
Checkit plc reported significant improvements in its financial performance for the first half of FY26, with a 65% improvement in adjusted LBITDA and a gross profit margin increase to 71%. The company achieved £3 million in annualized cost savings and saw a 3% increase in total revenue, despite a reduction in services from a large US customer. The company renewed contracts with two major US clients and increased the use of AI in product development, enhancing productivity and reducing costs. Checkit remains on track to achieve EBITDA profitability and cash flow breakeven by 2026, with a strong sales pipeline and continued focus on operational efficiency.
The most recent analyst rating on (GB:CKT) stock is a Hold with a £14.50 price target. To see the full list of analyst forecasts on Checkit plc stock, see the GB:CKT Stock Forecast page.
Spark’s Take on GB:CKT Stock
According to Spark, TipRanks’ AI Analyst, GB:CKT is a Neutral.
Checkit plc’s stock is challenged by negative profitability and cash flow, which significantly affects its financial performance score. Technical indicators suggest limited momentum, and the valuation is unattractive due to a negative P/E ratio. The CEO’s stake increase is a positive sign but is not enough to substantially uplift the overall score.
To see Spark’s full report on GB:CKT stock, click here.
More about Checkit plc
Checkit plc operates in the technology industry, offering an automated monitoring platform designed for operational leaders. The company focuses on augmented workflow management through a subscription-based platform that supports data-driven decision-making across various sectors, including healthcare, biopharma, retail, facilities management, and franchised operations in the UK, continental Europe, Australasia, and the US.
Average Trading Volume: 87,932
Technical Sentiment Signal: Sell
Current Market Cap: £14.31M
For an in-depth examination of CKT stock, go to TipRanks’ Overview page.