Checkit - Further growth in recurring revenues
In H122, Checkit made further progress in its strategy to become a pure SaaS business, with 16% h-o-h growth in annual recurring revenue (ARR) and 13% group revenue growth year-on-year on a normalised basis. Management reiterated that it continues to invest in sales, marketing and product development to take advantage of the opportunity in the deskless worker software market. We maintain our forecasts pending H122 results.Elektron Technology is a global business that designs, manufactures and markets products that connect, monitor and control. Co. has three business segments: Bulgin, which products are sealed connectors for the demanding environments, and custom product and system development; Instrumentation, Monitoring and Control, which key products are ophthalmic instruments, nanopositioning and sensing equipment, and materials testing equipment; and Checkit, which key products are cloud-based work management software based on interactive checklists, and smart wireless sensors for continuous automated monitoring.
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