D4T4 Solutions PLC Trading Update (0441V)
April 03 2023 - 2:00AM
UK Regulatory
TIDMD4T4
RNS Number : 0441V
D4T4 Solutions PLC
03 April 2023
03 April 2023
D4t4 Solutions Plc
Trading update
D4t4 Solutions Plc (AIM: D4T4, "the Group", "D4t4"), the
AIM-listed data solutions provider, provides the following trading
update for the year to 31 March 2023.
Due to the delays in signing of a project with an existing
banking customer which included a high proportion of low margin
hardware, and a Celebrus multi-year contract with a new customer,
results(1) are expected to be lower than management expectations,
with full year revenues in the region of approximately GBP21.5
million (FY22: GBP24.5 million) and adjusted profit before tax(2)
of approximately GBP3.5 million (FY22: profit GBP3.3 million).
Revenue for the core business (i.e. excluding third party hardware
sales) will be approximately GBP19.4 million (FY22: GBP17.5
million) which represents growth of 11% percent compared with the
prior year. Both delayed projects are expected to sign in the first
half of the new financial year.
Annual recurring revenue ("ARR" (3) ) from software licenses and
associated support, maintenance and managed services (excluding the
positive impact of currency revaluation of opening balances) is
expected to increase by 14% to approximately GBP16.0 million (31
March 2022: GBP14.0 million; 30 September 2022: GBP14.4 million).
This further underlines the Group's continued investment and focus
in growing the Celebrus software business (CDP and FDP) with key
wins in the second half that include a bank in Spain, a healthcare
organisation in the US, and an insurance company in APAC. In
addition, the second half included a key upsell of a large US
Retail Bank to begin using the no-party data feature of Celebrus,
CX Vault, which was launched in July 2022.
The cash balance was GBP17.7 million at 31 March 2023 (FY22:
GBP11.4 million), with no debt.
The total sales pipeline grew by 27 percent during the year
whilst the value of proposals out with potential and existing
customers increased fourfold, providing strong visibility into
performance for the first half of the new year, and reflecting the
investment into sales, marketing, and customer success.
The Group will continue to invest in sales and marketing for the
core business to build upon the growth in the year just ended. To
offset the costs of that ongoing investment the Group will continue
to optimise and streamline our operations.
The Group will publish its full year results on 11 July
2023.
(1) The trading performance reported in this statement is based
on unaudited management accounts
(2) Adjusted profit before tax is calculated before amortisation
of intangibles, foreign exchange gains/losses, share based payment
charges and one-off reorganisation costs.
(3) Annual Recurring Revenue is the amount of revenue currently
contracted at a point in time that is expected to recur within the
next twelve months.
Bill Bruno, CEO of D4t4 Solutions, said:
"Although the customer delays in closing the expected deals
before our year end are frustrating, we are happy with the progress
that we have made in growing our core business, focused on selling
our Celebrus software in our key markets. We continue to build
momentum with the new sales and marketing approach that has been
put in place over the past year and look forward to a successful
upcoming financial year for Celebrus."
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014, as retained and applicable in
the UK pursuant to S3 of the European Union (Withdrawal) Act 2018
("MAR").
Enquiries
D4t4 Solutions Plc +44 (0) 1932 893333
Bill Bruno, Chief Executive Officer investors@d4t4solutions.com
Ash Mehta, Chief Financial Officer
finnCap (Nominated Adviser & Joint
Broker)
Julian Blunt / E dward Whiley, Corporate
Finance
Alice Lane, ECM +44 (0) 20 7220 0500
Canaccord Genuity (Joint Broker)
Simon Bridges / Andrew Potts +44 (0) 20 7523 8000
About D4t4 Solutions plc
D4t4 Solutions plc (AIM: D4t4) was founded around a passion for
helping brands create better relationships with their consumers via
better data.
Supporting customers in financial services, retail, travel,
healthcare, and telecommunications across 27 countries, D4t4
enables businesses to make smarter, informed decisions via
Celebrus, the company's flagship first-party product suite.
Celebrus automatically captures, contextualises, and activates
user-based behavioural data in real-time across all digital
channels. Through behavioural biometrics and analytics, Celebrus
helps companies prevent fraud before it happens. Celebrus Cloud
provides an enterprise platform that automates and enables
organisations to get better value from the Celebrus software in a
more efficient manner.
The Group has offices in the UK, USA, India, and Australia with
key talent in all markets to drive the growth of the business.
Celebrus is fully compliant with all major data privacy regulations
and the Group is accredited to ISO27001: Information Security
Management.
For more information, please see www.d4t4solutions.com
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