KRM22 PLC (AIM:KRM, OTC:KRMCF)'s Stephen Casner joins Proactive London to talk about their new partnership with Trading Technologies International (TT) and how that will impact their performance going forward.
Final results for 2021 showed £5.4mln of gross cash at the end of the year after the direct strategic investment by futures industry-focused TT, which took a 25% stake in December.
The results revealed that 69% of customers are now contacted under a master services agreement on software-as-a-service (SaaS) contracts of two to five years with increased annual recurring revenue over the term of the contract.
The company has £3.8m of annual recurring revenue and 28 institutional customers on multi-year contracts.