Checkit (AIM: CKT)

Last close As at 17/05/2024

GBP0.27

0.00 (0.00%)

Market capitalisation

GBP30m

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

Sector

TMT

Equity Analyst

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 28.6 20.0 0.0
Relative 22.1 8.2 (7.8)
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

Update

TMT

Checkit — Growth strategy on track

Update

TMT

Checkit — FY22 ARR growth of 44%

edison tv

TMT

Is it time to invest in the deskless revolution?

Update

TMT

Checkit — Highlighting the opportunity

Update

TMT

Checkit — Promising start to the year

Update

TMT

Checkit — On the front foot

edison tv

TMT

Checkit – executive interview

Update

TMT

Checkit — 33% growth in recurring revenue

Update

TMT

Checkit — Building foundations in the US

Initiation

TMT

Checkit — Smarter operations management