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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Outlook
Greg Price
CFO
Keith Daley
Chairman
Kit Kyte
CEO
Forecast net cash (£m)
9.5
Forecast gearing ratio (%)
N/A
% | 1M | 3M | 12M |
---|---|---|---|
Actual | 7.3 | (4.4) | (24.1) |
Relative | 4.0 | (6.8) | (29.1) |
52 week high/low | 30.5p/18.5p |
Checkit’s FY24 trading update confirmed that revenue and year-end annual recurring revenue were in line with our forecasts, up 17% and 16% respectively. Better cost control resulted in a smaller EBITDA loss than expected, highlighting good progress towards reaching profitability. Product development is focused on expanding into new verticals and enhancing the platform with tools to turn data into actionable insights.
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 |