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Crimson Tide ( (GB:TIDE) ) just unveiled an update.
Crimson Tide plc has announced the renewal of a contract with a major British supermarket for three years, with a break clause after one year for unsatisfactory performance. This renewal is expected to generate an Annual Recurring Revenue of £660,000 in the first year, with potential for growth based on performance. The contract, valued at nearly £2 million, will support the supermarket’s transition from paper-based processes, enhancing compliance and operational execution. This renewal underscores Crimson Tide’s capability to deliver scalable solutions and strengthens its position in the retail sector.
More about Crimson Tide
Crimson Tide plc operates in the technology industry, providing the process management platform mpro5. The company focuses on delivering solutions for compliance, food safety, and operational execution, particularly within complex, multi-site environments.
Average Trading Volume: 8,697
Technical Sentiment Signal: Sell
Current Market Cap: £3.19M
For a thorough assessment of TIDE stock, go to TipRanks’ Stock Analysis page.