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A technology stock for the new ‘normal’

A workflow management software group’s transition to a Software-as-a-Service (Saas) technology business is gathering pace.
A technology stock for the new ‘normal’
  • First half recurring revenue up 31 per cent to £3.1m to account for 39 per cent of total revenue of £7.9m.
  • Operating loss of £1.7m reflects higher investment in sales, marketing and product development.
  • Net cash of £8.5m.

The accelerated pace of digital transformation brought on by the pandemic is not only validating Checkit’s (CKT:52p) value proposition in the new ‘normal’, but is accelerating the technology group’s transition to a Software-as-a-Service (Saas) business across its five industry verticals: healthcare, food and retail, facilities management, pharmaceutical and fast-food restaurants.

That’s because an increasing number of companies need to manage deskless workforces through data-driven remote monitoring, and automated systems surveillance. Checkit’s workflow management software addresses these demands by digitising the scheduling and reporting of operational workflows with a view to automating manual processes, increasing efficiency and delivering greater management insight.

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