Itim Group PLC (GB:ITIM) has released an update.
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Itim Group PLC, a SaaS provider for retailers, reported a 15% increase in group revenues to £16.1 million for the year ended 31 December 2023, while maintaining its annual recurring revenue at £13.2 million. The company’s adjusted EBITDA saw a significant rise from £0.2 million to £0.7 million, with a marginal decrease in cash balances. CEO Ali Athar highlighted strategic investments and the development of ‘UNIFY’, their unified retailing platform, expressing cautious optimism for 2024 amidst operational realignments for enhanced financial performance.
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