Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
An update from Crimson Tide ( (GB:TIDE) ) is now available.
Crimson Tide plc announced its second interim results for the six months ended December 31, 2024, reporting a loss of £1 million due to exceptional costs from aborted M&A activities. Despite a 3% year-on-year revenue decline attributed to Covid-era deal churn and slow sales cycles, the company has implemented strategic changes, including management restructuring and software upgrades, to enhance profitability and customer satisfaction. The company remains optimistic about its profitability and growth potential, supported by its high-margin revenue model and recent contract wins, such as a five-year deal with London’s Elizabeth line consortium.
More about Crimson Tide
Crimson Tide plc operates in the technology industry, providing the mpro5 process management app. The company focuses on delivering high-margin, long-term contracted revenue through its software solutions, targeting enterprise-level clients for process management and compliance needs.
Average Trading Volume: 8,697
Technical Sentiment Signal: Sell
Current Market Cap: £3.19M
Learn more about TIDE stock on TipRanks’ Stock Analysis page.