Eagle Eye Solutions (GB:EYE) has released an update.
Eagle Eye Solutions Group PLC has reported a robust financial year for FY 2024, with a notable 19% growth in Annual Recurring Revenue (ARR) to £39.7 million and an impressive 28% increase in adjusted EBITDA to £11.3 million, both surpassing market expectations. The company’s success is attributed to new customer acquisitions across various geographies and the expansion with existing clients, as well as a strong performance from its AI-based offerings, EagleAI. Looking ahead, the company anticipates continued growth with a solid sales pipeline and a positive outlook for FY 2025.
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