KRM22 (GB:KRM) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.
For further insights into GB:KRM stock, check out TipRanks’ Stock Analysis page.