Trading Update & Board Change

Celebrus Technologies PLC

19 March 2024

 

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.

Enquiries Celebrus Technologies plc Bill Bruno, Chief Executive Officer Ash Mehta, Chief Financial Officer	[phone] [e-mail]
Cavendish (Nominated Adviser & Joint Broker) Julian Blunt / Edward Whiley, Corporate Finance Tim Redfern, Corporate Broking	[phone]
Canaccord Genuity (Joint Broker) Simon Bridges / Andrew Potts	[phone]

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 .

 

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