Checkit (AIM: CKT)

Currency in GBP

Last close As at 25/01/2023


2.50 (10.00%)

Market capitalisation


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.



Equity Analyst

Key Management

  • Greg Price


  • Keith Daley


  • Kit Kyte


Balance Sheet

Forecast net cash (£m)


Forecast gearing ratio (%)


Share Price Performance

Price Performance
% 1M 3M 12M
Actual 44.7 52.8 (38.9)
Relative 39.3 38.2 (40.4)
52 week high/low 47.0p/14.0p


Checkit has made further progress with its US growth strategy, recently signing three new material contracts in the US with a total minimum value over three years of $1m. The company has also signed a contract renewal with a major UK customer, worth £2.1m over four years. These wins confirm Checkit’s ability to win new customers in the US and retain existing customers. We maintain our forecasts.

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2021A 13.2 (2.5) (3.1) (5.2) N/A N/A
2022A 13.6 (4.2) (4.7) (7.0) N/A N/A
2023E 10.4 (6.5) (7.6) (7.1) N/A N/A
2024E 12.5 (3.7) (5.2) (4.9) N/A N/A



IPO apocalypse


ESG, moving beyond the box tick


Direct tech investors


Circular economy business models

Subscribe to Edison

Get access to the very latest content matched to your personal investment style.

Sign up for free