KRM22 (GB:KRM) has released an update.
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KRM22, a technology and software company specializing in risk management for capital markets, has reported a significant growth in its Annualized Recurring Revenue (ARR) to £5.4 million, marking a 17.4% increase at a constant FX rate compared to the previous year. The company has also announced a growth in total revenue by 23.3% and a decrease in adjusted EBITDA loss. Despite these positive trends, KRM22 experienced an increase in loss before tax and a decrease in cash reserves, and has taken steps to restructure, implement cost savings, and appoint new executives to bolster future growth and move towards becoming cash positive.
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