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Pelatro PLC (PTRO)

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Tuesday 25 January, 2022

Pelatro PLC

Trading Update

RNS Number : 4471Z
Pelatro PLC
25 January 2022
 

 

 

 

 

25 January 2022

Pelatro Plc

 

("Pelatro" or the "Group")

 

Trading Update

 

 

Pelatro (AIM: PTRO), the telecom Customer Engagement Hub software specialist, is pleased to provide the following trading update.

 

Trading update and   outlook

 

Despite the Covid situation, we won three new customers in 2021, taking us to 22 telco customers in various countries around the world. Following these contract wins we are now able to confirm the progress of the Group's Annualised Recurring Revenue ("ARR") as follows:

 

As at (date)

Jan '18

Jan '19

Jan '20

Jan '21

Jan '22

ARR run rate

nil

$1.5m

$4.0m

$5.4m

$6.0m

 

 

Results for the year ended 31 December 2021

 

Results for FY21 are subject to audit but are expected to be in line with expectations. Gross cash at the year end was approximately $3.3m. We anticipate releasing the results in late March/early April 2022, although this remains subject to change given the potential for disruption caused by COVID restrictions.

 

 

For further information contact:

 

Pelatro Plc

 

Subash Menon, Managing Director

c/o Cenkos

Nic Hellyer, Chief Financial Officer

 

 

 

Cenkos Securities plc (Nominated Adviser and Broker)

+44 (0)20 7397 8900

Stephen Keys/Mark Connelly (corporate finance)

 

Michael Johnson (sales)

 

 

 

 

Notes to editors

 

The Pelatro Group was founded in March 2013 by Subash Menon and Sudeesh Yezhuvath with the objective of offering specialised, enterprise class software solutions for customer engagement principally to telcos who face a series of challenges including market maturity, saturation and customer churn.

 

Pelatro provides its "mViva" platform for use by customers in B2C and B2B applications, and is well positioned in the Customer Engagement space. Our technology orchestrates the digital journey of the customers of the telcos through contextual, relevant and real time offers and loyalty programs across multiple channels including websites, social media, apps and others.

 

For more information about Pelatro, visit www.pelatro.com

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