Checkit (AIM: CKT)

Last close As at 16/07/2024

GBP0.25

0.00 (0.00%)

Market capitalisation

GBP28m

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.

Checkit’s workflow management software connects and empowers 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 | Flash note

Checkit — No intention to bid for Crimson Tide

TMT | Flash note

Checkit — Potential bid for Crimson Tide

TMT | edison tv

Checkit – executive interview

TMT | Update

Checkit — Signposting the path to profitability

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 6.4 19.1 19.1
Relative 6.4 15.2 5.2
52 week high/low 30.5p/18.5p

Financials

On 26 June, Checkit announced that it did not intend to make a formal bid for Crimson Tide. Since Checkit’s original and revised all-equity proposals, another bidder, Ideagen, has expressed an intention to make an all-cash bid at a significantly higher price. Checkit will now refocus on organic growth and working towards profitability. Separately, an input VAT dispute with HMRC has concluded in Checkit’s favour, removing the related contingent liability.

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

Further insights

Thematics

thematic

TMT

MediaWatch – Glimpses of positivity

thematic

TMT

MediaWatch – Rinse and repeat

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