Essensys (ESYS)

Sector:

IT Services

Index:

FTSE AIM All-Share

 25.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 38.00p
  • 52 Week Low: 25.50p
  • Currency: UK Pounds
  • Shares Issued: 64.75m
  • Volume: 0
  • Market Cap: £16.51m
  • RiskGrade: 252
  • Beta: 0.00

Essensys interim revenues grow thanks to 'strong' US growth

By Iain Gilbert

Date: Tuesday 18 Feb 2020

LONDON (ShareCast) - (Sharecast News) - Software-as-a-service provider Essensys said on Tuesday that first-half revenues had grown thanks to some "strong growth" in its US operations.
Essensys reported a 19% increase in revenues to ?11.4m for the six months ended 31 January, with recurring revenues also improving 29% to ?9.7m. Recurring revenues made up 85% of the total revenues.

The AIM-listed group said full-year adjusted earnings before interest, tax, depreciation and amortisation were also expected to meet expectations at ?1.8m. Despite being on track with guidance, that figure will will be a 10% year-on-year decline.

Essensys said the fall was a result of investments in sales and marketing, product development and the expansion of its US division.

Net cash at the end of the half was ?1.7m - slightly ahead of the board's expectations.

Chief executive Mark Furness said: "I am pleased to report continued good progress across our business, with strong sales momentum and a rapidly expanding US business underpinning our long-term growth ambitions.

"This strong first half performance, supported by the number of contracted new Connect sites currently in delivery and a healthy pipeline underpins the board's confidence that full-year results will be in line with market expectations."

As of 1010 GMT, Essensys shares were up 3.91% at 239p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Essensys Market Data

Currency UK Pounds
Share Price 25.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 38.00p
52 Week Low 25.50p
Volume 0
Shares Issued 64.75m
Market Cap £16.51m
Beta 0.00
RiskGrade 252

Essensys Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.75% below the market average15.75% below the market average15.75% below the market average15.75% below the market average15.75% below the market average
56.96% above the sector average56.96% above the sector average56.96% above the sector average56.96% above the sector average56.96% above the sector average
Price Trend
62.27% below the market average62.27% below the market average62.27% below the market average62.27% below the market average62.27% below the market average
22.89% below the sector average22.89% below the sector average22.89% below the sector average22.89% below the sector average22.89% below the sector average
Income Not Available
Growth
27.73% below the market average27.73% below the market average27.73% below the market average27.73% below the market average27.73% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average

Essensys Dividends

No dividends found

Trades for --2025

Time Volume / Share Price
0 @ 0.000p

Essensys Key Personnel

CFO Greg Price
CEO James Lowery

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