Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
‘Deskless workforce’ technology company Checkit (CKT) has issued a trading update emphasising “Annual Recurring Revenue increased by 28% to £11.5m, vs. consensus market expectations of £10.8m (+20%). Net cash at 31 January 2023 of £15.6m vs. consensus market expectations of £15.2m… we expect the positive sales momentum to continue”. What then of a share price of 30p, down from around 45p a year ago?
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