RNS Number : 8049V
D4T4 Solutions PLC
19 April 2021
19 April 2021
D4t4 Solutions Plc
D4t4 Solutions Plc (AIM: D4T4, "the Group", "D4t4"), the
AIM-listed data solutions provider, announces the following trading
update for the year ended 31 March 2021.
Following a strong second half to the financial year, Group
revenue and adjusted profit before tax* are expected to be
approximately GBP22.8 million and GBP4.2 million respectively, both
ahead of the Board's prior expectations, comfortably so at the
adjusted pre-tax profit level. This is a very pleasing result and
bears out the confidence we placed in the strength of the pipeline
of business opportunities carried into the second half of the
As we move into FY22 the Group now benefits from record levels
of recurring revenue with year-end annual recurring revenue (ARR**)
up by 11% year on year to GBP10.6 million (2020: GBP9.6 million).
This is now a key metric for the Board which we believe is set to
continue an upward trend as we move towards a predominantly
term/annual recurring revenue model, providing more revenue
visibility and ultimately better-quality earnings .
Cash generation during the second half of the year was strong
and has resulted in an increase in the year-end cash position to
approximately GBP14.2 million (2020: GBP12.8 million). The Group
had no debt at the year end. The Group has not participated in any
government COVID-19 business support schemes and has continued to
pay PAYE, VAT and Corporation Tax on relevant due dates.
Other significant operational highlights in the year were:
-- Ongoing investment to enhance the Celebrus Customer Data Platform (CDP) offering;
-- Final development of a new family of fraud products that we
have been working on over the last two years, due to launch in June
-- Further development of the Group's strategic technology and
service partner relationships, which are proving key in terms of
scaling the market reach of our Celebrus software;
-- Continuing geographic expansion with the opening of an APAC
office in Sydney, Australia and with further growth at our
operations in Cary, USA and Chennai, India.
The Board remains highly confident in the Group's strategy; our
underlying business is delivering against our key KPIs and
performing well, and D4t4 is well-positioned in its key markets.
The current revenue visibility, order book and pipeline of
opportunities all bode well for the future.
Final results for the year to 31 March 2021 are expected to be
announced on the 29 June 2021.
* Adjusted profit before tax is calculated before amortisation
of intangibles, one-off reorganisation costs, foreign exchange
gains/(losses) and share based payment charges.
** ARR (Annual Recurring Revenue) is the amount of revenue at a
point in time that is expected to recur within the next twelve
Peter Kear, Chief Executive of D4t4, commented:
"The D4t4 global team has performed incredibly well during a
most unusual year. Our strategy continues to deliver and is
reflected in our strong overall growth and the improving visibility
in the increasing level of ARR. We continue to innovate our
product, grow geographically and deepen our relationships with our
strategic partners. We are also working to develop new partner
relationships in different verticals .
"The business enters the new financial year in robust shape
after closing a number of significant contracts in the second half
of the year; we are highly confident in the outlook for FY22 and
D4t4 Solutions Plc +44 (0) 1932 893333
Peter Kear, Chief Executive Officer email@example.com
finnCap (Nominated Adviser & Joint
Julian Blunt / Emily Watts, Corporate
Alice Lane, ECM +44 (0) 20 7220 0500
Canaccord Genuity (Joint Broker)
Simon Bridges / Andrew Potts +44 (0) 20 7523 8000
Instinctif Partners +44 (0) 20 7457 2020
Kay Larsen / Rozi Morris / Hannah Campbell D4t4Solutions@instinctif.com
About D4t4 Solutions plc
D4t4 Solutions plc (www.d4t4solutions.com) provides data
solutions through its Celebrus suite of products and services,
which is comprised of two distinct complementary offerings - its
proprietary Customer Data Platform (CDP) and Customer Data
Management (CDM) solution. The Celebrus family of products offer
data capture, data migration, data synchronization, data management
and data monitoring.
Celebrus CDP is an enterprise software product which captures
customer behaviour in real time across digital channels to enable a
range of applications including customer analytics, personalised
marketing, risk, fraud detection and compliance.
Celebrus CDM is an integrated platform that automates the
ingestion, integration, transformation, and delivery of customer
data from streaming, persisted or historical sources, whether as an
appliance on-premises or in the cloud, to deliver real-time,
unified, and trusted multidimensional views of customer data for
personalisation, risk, fraud, analytics, and recommendation
The Group has offices in the UK, USA, India and Australia with
employees across the UK, US, Europe, India and Australia. D4t4's
blue chip global customers are largely within the financial
services, retail and consumer sectors.
Celebrus is fully compliant with all major data privacy
regulations and the Group is accredited to ISO27001: Information
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(END) Dow Jones Newswires
April 19, 2021 02:00 ET (06:00 GMT)