KRM22 Reports Strong Financial Growth and Strategic Advancements in 2024

KRM22 ( (GB:KRM) ) has issued an update.

KRM22 plc reported strong financial results for the year ending December 31, 2024, with a 22.2% increase in Annualised Recurring Revenue (ARR) to £6.6 million and a maiden adjusted EBITDA profit of £1.0 million. The company signed 12 new ARR contracts, launched the Risk Manager application, and implemented a cost savings program. Board changes included appointing Dan Carter as CEO and Garry Jones as Non-Executive Chairman. Post year-end, ARR grew to £7.4 million, and the company deferred interest payments on a convertible loan with Trading Technologies International, Inc. KRM22 is well-positioned for growth, with a strong sales pipeline and high client satisfaction, as it expands its market coverage into new asset classes.

More about KRM22

KRM22 plc is a technology and software company focused on risk management in capital markets. It aims to create value for investors through investments in the technology sector, specifically targeting risk management solutions. The company’s Global Risk Platform helps capital market firms reduce the cost and complexity of risk management, optimizing systems and processes to improve profitability and expand opportunities.

YTD Price Performance: 9.09%

Average Trading Volume: 15,206

Technical Sentiment Signal: Buy

Current Market Cap: £10.83M

For a thorough assessment of KRM stock, go to TipRanks’ Stock Analysis page.