Pelatro PLC – PTRO – Trading Update

Pelatro PLC – PTRO – Trading Update

Pelatro (AIM: PTRO), the telecom Customer Engagement Hub software specialist, is pleased to provide the following trading update.

 

Trading update and outlook

 

Despite the Covid situation, we won three new customers in 2021, taking us to 22 telco customers in various countries around the world. Following these contract wins we are now able to confirm the progress of the Group's Annualised Recurring Revenue ("ARR") as follows:

As at (date)

Jan '18

Jan '19

Jan '20

Jan '21

Jan '22

ARR run rate

nil

$1.5m

$4.0m

$5.4m

$6.0m

Results for the year ended 31 December 2021

Results for FY21 are subject to audit but are expected to be in line with expectations. Gross cash at the year end was approximately $3.3m. We anticipate releasing the results in late March/early April 2022, although this remains subject to change given the potential for disruption caused by COVID restrictions.

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