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Itim Group PLC ( (GB:ITIM) ) has provided an update.
Itim Group PLC reported a strong financial performance for the year ending December 2024, with a revenue increase of 11% to £17.9 million and a significant rise in adjusted EBITDA by 260% to £2.5 million. The company has returned to profitability with a profit before tax of £0.2 million, supported by strategic contracts and a robust cash position. The company continues to invest in its UNIFY platform, aiming to deliver cost-effective solutions that enhance profitability for retailers, amidst a competitive landscape. The ongoing focus on innovation and operational excellence positions Itim as a trusted partner in the retail technology sector, with a commitment to sustainable growth and value creation.
More about Itim Group PLC
Itim Group PLC is a SaaS-based technology company that specializes in providing digital solutions to store-based retailers, helping them optimize their operations to enhance financial performance. Established in 1993, the company has evolved from a consulting business into a provider of proprietary software solutions, focusing on an integrated end-to-end Omni-channel platform known as UNIFY.
Average Trading Volume: 39,124
Technical Sentiment Signal: Buy
For an in-depth examination of ITIM stock, go to TipRanks’ Stock Analysis page.