KRM22 (GB:KRM) has released an update.
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KRM22 plc, a technology and software firm specializing in risk management for capital markets, has reported a promising first half of 2024 with a rise in Annual Recurring Revenue (ARR) to £6.1m, demonstrating progress towards their £10m ARR goal. Following a strategic cost savings program, the company also achieved an adjusted EBITDA profit of £0.3m, a significant improvement over the previous year’s loss. With a strong sales pipeline and ongoing cost management, KRM22 is expected to maintain its growth trajectory.
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