Eagle Eye Solutions Reports Growth in SaaS Revenue and Strategic Partnerships

Eagle Eye Solutions ( (GB:EYE) ) has provided an announcement.

Eagle Eye Solutions Group PLC reported a 10% increase in SaaS revenue to £19.5 million for the six months ending December 2024, with a 16% rise in annual recurring revenue. The company announced a transformative OEM agreement with a major enterprise software vendor, expected to accelerate revenue growth and market expansion. Despite a decrease in professional services revenue, Eagle Eye has secured new contracts and renewals, including with major retailers, and is confident in achieving its financial targets for the year and medium-term goals of £100 million revenue and a 30% adjusted EBITDA margin.

More about Eagle Eye Solutions

Eagle Eye Solutions Group PLC is a leading SaaS and AI technology company that enables retail, travel, and hospitality brands to enhance customer loyalty through real-time, omnichannel, and personalized marketing activities. The company offers the Eagle Eye AIR platform, a cloud-based solution that supports loyalty and promotions capabilities worldwide, executing over 1 billion personalized offers weekly and hosting over 500 million loyalty member wallets.

YTD Price Performance: -25.16%

Average Trading Volume: 22,417

Technical Sentiment Consensus Rating: Buy

Current Market Cap: £107M

For detailed information about EYE stock, go to TipRanks’ Stock Analysis page.