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.
TMT |
Flash note
TMT |
Update
TMT |
Update
TMT |
Update
Greg Price
CFO
Keith Daley
Chairman
Kit Kyte
CEO
Forecast net cash (£m)
9.5
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 4.8 | (13.7) | (17.0) |
Relative | 3.8 | (16.3) | (16.6) |
52 week high/low | 30.5p/18.5p |
Checkit has won contracts with two customers worth at least £417k over the three-year lives of the contracts, confirming its ability to upsell to its existing customer base and supporting our forecasts. Having trialled the new technology with multiple customers, Checkit has launched its Asset Intelligence module, which uses advanced analytics and machine learning to enhance customer sustainability, reduce costs and increase revenue.
Y/E Jan | Revenue (£m) | EBITDA (£m) | PBT (£m) | EPS (fd) (p) | P/E (x) | P/CF (x) |
---|---|---|---|---|---|---|
2022A | 8.4 | (5.6) | (6.1) | (9.0) | N/A | N/A |
2023A | 10.3 | (6.4) | (7.3) | (6.9) | N/A | N/A |
2024E | 12.0 | (3.6) | (4.7) | (4.3) | N/A | N/A |
2025E | 14.2 | (2.3) | (3.6) | (3.4) | N/A | N/A |