A bullish AGM statement fired up shares in telco engagement app group Pelatro PLC (AIM:PTRO), which rose 10% on news its customer contracts now total 28 and are worth US$7mln on an annual recurring basis.
“In addition to these, we continue to see strong demand from our existing customers for change requests and have contracted for around US$1.7mln already this year in respect of this revenue,” the company added.
In addition, potential deals in the pipeline are now worth US$23mln, with US$5mln of these non-telco customers, the highest level ever, Pelatro said.
Pelatro shares rose 0.75p to 8.5p.