Celebrus Technologies
plc
Trading
update and Board change
19 March 2024
Celebrus Technologies plc (AIM: CLBS, "the Group",
"Celebrus"), the AIM-listed data solutions company, provides the
following trading update for the year to 31 March 2024.
Results are expected to be in line with market
expectations1, with full year revenues above £32.0
million (FY23: £21.5 million) and adjusted profit before tax in the
region of £5.5 million (FY23: profit £3.8 million).
Annual recurring revenue ("ARR") from software
licenses and associated support, maintenance and Celebrus Cloud is
expected to be at least £20.0 million (31 March 2023: £16.7
million), a 20% increase in the year, reflecting the significant
contract progress announced in January 2024.
The year-end cash balance is expected to be healthy,
and the Group remains debt-free.
The Group continues to focus on the development and
growth in adoption of the Celebrus platform in key markets while
ensuring that the business is prepared to scale efficiently in the
coming year. The order backlog and pipeline provide good visibility
for the coming financial year.
The Group's full year results will be published on 9
July 2024.
Following the previously-announced appointment of Tom Skelton as
Non-Executive Chair-elect in December 2023, Mr Skelton will assume
the position of Chair from 31 March 2024 with Peter Simmonds
stepping down from the role and from the board on the same
day.
Bill Bruno,
Chief Executive Officer commented:
"I am
extremely proud of the team globally and their contributions to a
successful year for the business. We continue to emphasize our
focus on the Celebrus software platform, with the primary
deployment option being Celebrus Cloud. As the upcoming financial
year approaches, we are pleased with our ARR growth and revenue
visibility; we will continue to invest accordingly to ensure we
execute our strategy successfully."
1 For the purpose of this
announcement, the Group believes market consensus for FY24 to be
revenue of £32.1m, and adjusted profit before tax of
£5.4m.
Inside Information: This announcement contains inside
information for the purposes of article 7 of the Market Abuse
Regulation (EU) 596/2014 as it forms part of domestic law by virtue
of the European Union (Withdrawal) Act 2018. Upon the
publication of this announcement via Regulatory Information
Service, this inside information is now considered to be in the
public domain.
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Enquiries
Celebrus
Technologies plc
Bill Bruno, Chief Executive Officer
Ash Mehta, Chief Financial Officer
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+44 (0) 1932
893333
investors@celebrus.com
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Cavendish
(Nominated Adviser & Joint Broker)
Julian Blunt / Edward Whiley, Corporate
Finance
Tim Redfern, Corporate Broking
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+44 (0) 20 7220
0500
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Canaccord
Genuity (Joint Broker)
Simon Bridges / Andrew Potts
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+44 (0) 20 7523
8000
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About Celebrus
Technologies plc
As a disruptive data technology platform, Celebrus is
focused on improving the relationships between brands and consumers
via better data. Celebrus redefines what digital identity
verification means to power both next-level marketing and fraud
prevention use cases. Deployed across 30+ countries throughout the
financial services, healthcare, retail, travel, and
telecommunications sectors, Celebrus automatically captures,
contextualizes, and activates consumer behavioral data in live-time
across all digital channels. Through the addition of behavioral
biometrics and AI, Celebrus empowers brands to detect and prevent
fraud before it occurs. To ensure that brands can begin to improve
those relationships quickly, Celebrus Cloud activates the Celebrus
platform efficiently for brands in a single-tenant, private cloud
capacity.
The Group has offices in the UK, USA, and India 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.celebrus.com .