Eckoh PLC's (LON:ECK) chief executive Nik Philpot joins Proactive London to discuss their financial results, future strategy and potential acquisition opportunities.
The snapshot for the 12 months which ended March 31, confirmed a performance in line with expectations with pre-tax profit was up 6% to £3.5mln, while net profit was marked at £2.79mln, down from £3.13mln in the prior year.
But revenues in the US secure payments business soared 57% higher to £12.8mln, meanwhile, overall revenue in the UK was down 12% as multiple COVID-19 lockdowns impacted some repeatable transactions, resulting in recurring revenue slipping to 71%, from 75%.