Main menu
Edison Group
  • Home
  • Equities

    Equities

    View All Equities

    Equities by Sector

    Lepidico

    MCap

    AUD107m

    Last close

    AUD0.02

    ▲ 0.01 (100.00%)

    Silver Spruce Resources

    MCap

    CAD5m

    Last close

    CAD0.03

    ▲ 0.01 (50.00%)

    OpGen

    MCap

    USD7m

    Last close

    USD0.17

    ▲ 0.04 (30.77%)

  • Sectors

    Sectors

  • Investment Strategy

    Investment Strategy

    View All

    Latest

  • Thematics

    Thematics

    View All Thematics

    Latest

Checkit (AIM: CKT)

Currency in GBP

Last close As at 25/01/2023

GBP0.28

▲ 2.50 (10.00%)

Market capitalisation

GBP29m

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

View More

TMT

Checkit — US contract wins and major renewal

TMT

Checkit — Moderating costs to accelerate breakeven

TMT

Checkit — ARR growth in a more cautious market

TMT

Checkit — Growth strategy on track
Visit Website

Sector

TMT

Equity Analyst

Katherine Thompson

Key Management

  • Greg Price

    CFO

  • Keith Daley

    Chairman

  • Kit Kyte

    CEO

Balance Sheet

Forecast net cash (£m)

15.2

Forecast gearing ratio (%)

N/A

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

Financials

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

Research

View All

More from our TMT team

Seven things every investor needs to know about Checkit

Analyst of the week

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

Thematics

Consumer

IPO apocalypse

TMT

ESG, moving beyond the box tick

TMT

Direct tech investors

Consumer

Circular economy business models
View All

Subscribe to Edison

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

Sign up for free