IQGeo CEO Richard Petti and CFO Haywood Chapman joined Proactive to discuss encouraging financial results for the first half, which saw order intake more than double in the period to £14.6mln driven by a number of new and significant customers signed up for multi-year subscriptions.
The company expects the current trend to continue and accelerate into the second half of the year and beyond with the company’s recurring revenue base improved - the exit annual recurring revenue (ARR) as at end-June having increased by around 50% to £10.3mln.