Eagle Eye : Interim Report 2021

The best-in-class loyalty and promotions SaaS platform for leading omnichannel retailers globally.

Eagle Eye enables companies to digitally connect to their customers through promotions, loyalty, apps, subscriptions and gift services.

Overview

Financial Statements

Other Information

• 01 Highlights

• 02 At a Glance

• 15 Consolidated unaudited interim statement of total comprehensive income

  • 22 Company Information

  • 23 Contact Information

  Strategic Report

• 16 Consolidated unaudited interim statement of financial position

  06 Chairman's Review

• 17 Consolidated unaudited interim statement of changes in equity

• 18 Consolidated unaudited interim statement of cash flows

• 19 Notes to the consolidated unaudited interim financial statements

Highlights

STRATEGIC REPORT 06-14

How we did financially

Group revenue

Adjusted EBITDA*

FINANCIAL STATEMENTS 15-21

£10.8m £2.1m

(H1 2020: £10.1m)

+8%

Read more on page 13

Recurring revenue, from subscription fees and transactions

£8.0m

(H1 2020: £7.3m)

+9%

Read more on page 13

Recurring revenue % of Group revenue

73%

(H1 2020: 73%)

No change

Read more on page 13

(H1 2020: £1.3m)

+64%

Read more on page 13

Operating profit

£0.2m

(H1 2020: Loss £(0.5)m)

Read more on page 13

Net cash/(debt)**

£0.1m

(H1 2020: £(2.2)m)

Read more on page 14

* Adjusted EBITDA has been adjusted for the exclusion of share-based payment charges along with depreciation, amortisation, interest and tax from the measure of profit and is reconciled to the GAAP measure of profit/(loss) before tax in note 5 to the financial statements on page 21.

** Net cash/(debt) is cash and cash equivalents less borrowings at 31 December 2020.

OTHER INFORMATION 22-23

How we did operationally

Strong new business 'Win' performance in the UK and Internationally, securing Woolworths Group in Australia, Pret a Manger and Liberty Retail Limited in the UK and a leading speciality office and home products & services retailer in the US.

New customers go live during the period including Virgin Red, Virgin's game-changing reward club test launched in November 2020.

Continued enhancements to the Eagle Eye AIR platform, including enhanced Promotions and Loyalty capabilities together with the launch of Message at Till, opening up further opportunities in the

US market.

Expansion of our partnership & collaboration network, including integrations with Salesforce Commerce Cloud, Oracle MICROS Simphony POS System, Outra, Chargebee and Peak.

Continued low levels of customer churn at 0.2% (H1 2020: 0.3%).

01

At a Glance

One platform, many products

Our Eagle Eye AIR platform enables clients to attract, interact with and retain consumers.

02

Loyalty

Apps

Subscriptions

What the world's largest retailers need

We believe there are three key components to success when it comes to winning in the always-on, omnichannel world.

Gift

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