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Results: PTRO

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Pelatro – “excited with the progress achieved”. It sure?...

Pelatro (PTRO), “the telecom Customer Engagement Hub software specialist, is pleased to announce a new contract and to provide a trading update”. The latter includes that it is “excited with the progress achieved with respect to ARR and the appetite we are seeing from our customers to work with us in this way”... but the shares have currently responded to below 39p, a few percent lower...


Pelatro – argues “in line with its expectations”… but that any real achievement?

Self-styled “multichannel marketing hub software specialist” Pelatro (PTRO) has updated on 2019 that it “expects to report revenue and adjusted EBITDA for the year in line with its expectations” and that it “continues to show strong commercial momentum, evidenced by recent contract wins, and now has 19 customers with fully operational software, of which 5 were won in 2019… The group's pipeline remains strong at about $16m of which about $6m is from existing customers”. The shares have currently responded to 67.5p, 9% higher…

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