Pelatro PLC (AIM:PTRO), the telecom customer engagement hub software specialist, said results for 2021 are expected to be in line with expectations.
Despite the Covid-19 situation, Pelatro won three new customers in 2021, taking it to 22 telecommunications company customers in total. Following these contract wins the company’s annualised recurring revenue stands at US$6.0mln, up from US$4.0mln in January 2020.
Gross cash at the end of 2021 was in the region of US$3.3mln, up from around US$1.1mln a year earlier.