KRM22 (GB:KRM) has released an update.
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.
For further insights into GB:KRM stock, check out TipRanks’ Stock Analysis page.
