‘Deskless workforce’ technology company Checkit (CKT) has announced contract awards and the shares are currently up by more than 9% to 24p in response. So what of a now approaching £26 million market capitalisation?
Previously writing on provider of business technology jargon(oops) an “intelligent operations platform for the deskless worker” Checkit plc (CKT), last month with the shares at 27.5p I concluded to avoid including with market conditions now being adverse to cash burn and jam tomorrow hopes. It has now announced results for its half year ended 31st July 2022, including emphasising “continued to deliver against its strategy to transition the business exclusively to higher quality and higher value recurring revenues”... so what of a now 20p share price?
Previously writing on provider of business technology jargon(oops) an “intelligent operations platform for the deskless worker” Checkit plc (CKT), in February with the shares down to 46p I noted it increasing costs with it already cash burn aplenty and how long to wait for a meaningful positive revenue and bottom-line swing?, avoid / sell. The shares last closed at 29p and now a trading update emphasising “successful transformation into a subscription business… Cash at 31 July 2022 was £19.5m… in light of market conditions, the board is accelerating its plan to achieve profitability”... and the shares currently at 27.5p?
Provider of business technology jargon(oops) an “intelligent operations platform for the deskless worker”, Checkit plc (CKT) has announced a trading update including “the group delivered bookings growth of 95%… Cash at 31 January 2022 was £24.2m (31 January 2021: £11.5m)… The board remains confident in the significant opportunities presented by the growing deskless worker industry”. So what of a share price of 46p, down from 66p reached last year?...
