Checkit announces major blue-chip contract wins

Technology group increases recurring revenue by a 24 per cent

August 10, 2023

First-half revenue up 19 per cent to £5.7mn
Annual recurring revenue (ARR) up 24 per cent to £12.5mn
£6mn three-year contract renewal with John Lewis
Three new contracts signed with Compass Group
Net cash of £12.5mn accounts for half market capitalisation

Cambridge-based technology group Checkit (CKT:24p) has announced major blue-chip contract wins alongside a first-half trading update that revealed 24 per cent growth in ARR to £12.6mn.

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