Checkit

Overview
Price performance
Financials
Research
Sector insights
Thematics

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

TMT |
Flash note

15.04.24

Checkit — New product launch and contract wins

TMT |
Update

15.02.24

Checkit — FY24 revenue and ARR in line, EBITDA ahead

TMT |
Update

14.09.23

Checkit — Making good progress towards profitability

TMT |
Update

10.08.23

Checkit — Trading on track in tough environment

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Sector

TMT

Equity Analyst

Katherine Thompson

Director

Key Management

Greg Price

CFO
Keith Daley

Chairman
Kit Kyte

CEO

Balance Sheet

Forecast net cash (£m)

9.5

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
%	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

Financials

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.