Inactive Instrument

Pelatro Plc

PTRO

GB00BYXH8F66

Pelatro shares up as sees strong demand from customers

June 23, 2023 at 06:26 am EDT

Pelatro PLC - London-based marketing software specialist - Says recent contract wins show its continuing success in securing pacts with large customers, building its recurring revenue base. With these, says it now has 28 customers and an annual recurring revenue of over USD7 million. Additionally, says it continues to see strong demand from "our existing customers for change requests and have contracted for around USD1.7 million already this year in respect of this revenue".

Looking ahead, says its pipeline remains strong at about USD23 million with around USD5 million being non-telco prospects, which is the "highest ever level". Confident that it will produce results in the coming months and years.

Last month, Pelatro said its pretax loss widened in 2022 to USD13.9 million from USD666,000 a year prior. Revenue fell by 26% to USD5.4 million from USD7.3 million the year before.

Current stock price: 8.84 pence each, up 14% on Friday morning in London

12-month change: down 68%

By Xindi Wei, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Pelatro Plc

Mirriad Advertising hires Pelatro's Nic Hellyer as new CFO	23-10-13	AN
FTSE 100 Closes Down As Rising Yields, Asia-Property Worries Weigh	23-09-25	DJ
AIM WINNERS & LOSERS: Getech shares drop as interim loss widens	23-09-25	AN
Pelatro lowers 2023 revenue forecast but pipeline remains strong	23-09-25	AN
Pelatro Plc Provides Earnings Guidance for 2023	23-09-25	CI
Braemar investigation to end; Marula reports delay	23-09-22	AN
Pelatro Falls 18% as Shareholders OK Delisting from London Stock Exchange's AIM Segment	23-09-21	MT
Correction: Pelatro's Board Recommends Shareholders to Vote in Favor of Proposed AIM Delisting	23-08-31	MT
Pelatro Seeks Shareholder Approval for Proposed Delisting from AIM	23-08-31	MT
FTSE 100 Finishes Higher on Strong Overseas Handover	23-08-29	DJ
European Bourses Extend Gains Tuesday, Mirroring Global Rally	23-08-29	MT
Stocks higher on housebuilder rally, China boost	23-08-29	AN
FTSE outperforms peers; housebuilders rise	23-08-29	AN
CFO Steps Down Amid Pelatro's Delisting Plans	23-08-29	MT
AIM WINNERS & LOSERS: Pelatro plummets on delisting plans	23-08-29	AN
CFO resigns as Pelatro plans delisting of shares from AIM	23-08-29	AN
FTSE 100 catches up with bank holiday rally	23-08-29	AN
Pelatro Seeks Shareholder Approval for Proposed Delisting from London Bourse's AIM	23-08-29	MT
FTSE 100 Closes Down 0.2% Dragged by Oil, Miner Stocks	23-08-14	DJ
Sterling Could Fall as Dollar Strengthens	23-08-14	DJ
AIM WINNERS & LOSERS: Harvest Minerals cuts annual sales forecasts	23-08-14	AN
Pelatro Raises GBP1.1 Million via Share Subscription	23-08-14	MT
Pelatro raises GBP1.1 million to support working capital	23-08-14	AN
FTSE 100 Seen Opening Lower Amid Concerns About Chinese Property Market	23-08-14	DJ
Stocks upbeat ahead of key UK inflation print	23-07-18	AN

Chart Pelatro Plc

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Company Profile

Pelatro Plc provides contextual marketing software for use in business-to-consumer applications. It is focused on providing software to telecommunications companies to provide contextualized, relevant and personalized communication to its subscribers. Its products include mViva Contextual Campaign Management, mViva Loyalty Management and mViva Data Monetization. Its solutions include Campaign Optimization, Journey Orchestration, Audience Segmentation, Omni-Channel Campaigning, Retention Enhancer, Audience Enrichment and others. mViva Loyalty Management provides a holistic approach to managing fully personalized loyalty programs for each subscriber. mViva Data Monetization enables telecom marketing teams to add new opportunities by diversifying into the advertising value chain by onboarding enterprise partners, such as banks, eCommerce, retailers, and insurance companies. It serves various industries, including telecommunications, financial services and retail & e-commerce.

Sector

Software

Calendar

2024-09-24 - Q2 2024 Earnings Release (Projected)

More about the company

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