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Checkit (AIM: CKT)

Last close As at 24/04/2024

GBP0.21

▲ −1.00 (−4.55%)

Market capitalisation

GBP23m

Checkit optimises the performance of people, processes and physical assets with its intelligent operations software. It is headquartered in Cambridge, UK, and has operations centres in Fleet, UK, and Tampa, US.

With its workflow management software, Checkit is focused on connecting and empowering deskless mobile workers who are not able to use desktop software in their day-to-day working environment. Only a small proportion of the current enterprise software market is designed for this group of workers. Checkit’s sweet spot is supporting workers who perform a combination of routine tasks and infrequent but important tasks where the volume and variety of tasks is such that it is difficult to build a targeted application.

Latest Insights

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TMT | edison tv

Checkit – executive interview

TMT | Update

Checkit — Signposting the path to profitability

TMT | Flash note

Checkit — New product launch and contract wins

TMT | Update

Checkit — FY24 revenue and ARR in line, EBITDA ahead
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Sector

TMT

Equity Analyst

Katherine Thompson

Key Management

  • Greg Price

    CFO

  • Keith Daley

    Chairman

  • Kit Kyte

    CEO

Balance Sheet

Forecast net cash (£m)

5.5

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (2.3) (12.5) (25.0)
Relative (3.5) (17.6) (26.3)
52 week high/low 30.5p/18.5p

Financials

In a tough trading environment, Checkit managed to grow FY24 revenue by 17% and reduce EBITDA losses by nearly half. The company has had a positive start to FY25 with new contract wins and the launch of a new module. Focus on growth from its existing customer base combined with strict cost control is helping Checkit to make steady progress towards its target of positive EBITDA and cash generation in FY27.

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2023A 10.3 (6.4) (7.3) (6.9) N/A N/A
2024A 12.0 (3.4) (4.2) (4.0) N/A N/A
2025E 14.2 (2.3) (3.4) (3.1) N/A N/A
2026E 16.9 (0.9) (2.5) (2.3) N/A N/A

Research

Update

TMT

Checkit — Signposting the path to profitability

Flash note

TMT

Checkit — New product launch and contract wins

TMT

edison tv

Checkit – executive interview
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Further insights

insight

Seven things every investor needs to know about Checkit

Analyst of the week

Katherine Thompson
kthompson@edisongroup.com 020 3077 5730
Read latest

Thematics

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MediaWatch – Rinse and repeat

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Consumer

Deutsches Eigenkapitalforum (EKF) 2023 consumer and media

thematic

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Deutsches Eigenkapitalforum (EKF) 2023 technology

thematic

TMT

MediaWatch – Still waiting…
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