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KRM22 PLC

KRM22's Keith Todd updates on 2019 trading and Quant Foundry partnership

KRM22 PLC's (LON:KRM) Keith Todd details their recently signed partnership with quantitative solutions provider Quant Foundry to integrate risk models into its Enterprise Risk Cockpit (ERC).

As far as first half trading, Todd says annual recurring revenue (ARR) has risen 24% since the end of 2018 to £4.1mln, in line with management expectations.

The group increased its number of customers to 37 from 26 at the end of 2018, while cash at the end of June was £1.4mln with term debt of £2.1mln.

Quick facts: KRM22 PLC

Price: £0.78

Market: AIM
Market Cap: £14.8 m
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KRM22 PLC assessing 'long pipeline of acquisition targets' in risk management

Keith Todd, chief executive of KRM22 PLC (LON:KRM) spoke to Proactive Investors a week after they begun trading on AIM. The technology and software investment firm successfully raised £10.32mln through the issue of 10.32mln shares at a price of 100p each, giving the company an initial...

on 10/5/18

2 min read