Currency in GBP
Last close As at 25/01/2023
▲ 2.50 (10.00%)
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.
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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.
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