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Checkit (AIM: CKT)

Last close As at 15/04/2024

GBP0.21

— 0.00 (0.00%)

Market capitalisation

GBP24m

Checkit optimises the performance of people, processes and physical assets with its intelligent operations software. It is headquartered in Cambridge, UK, and has operations centres in Fleet, UK, and Tampa, US.

With its workflow management software, Checkit is focused on connecting and empowering deskless mobile workers who are not able to use desktop software in their day-to-day working environment. Only a small proportion of the current enterprise software market is designed for this group of workers. Checkit’s sweet spot is supporting workers who perform a combination of routine tasks and infrequent but important tasks where the volume and variety of tasks is such that it is difficult to build a targeted application.

Latest Insights

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TMT | Flash note

Checkit — New product launch and contract wins

TMT | Update

Checkit — FY24 revenue and ARR in line, EBITDA ahead

TMT | Update

Checkit — Making good progress towards profitability

TMT | Update

Checkit — Trading on track in tough environment
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Sector

TMT

Equity Analyst

Katherine Thompson

Key Management

  • Greg Price

    CFO

  • Keith Daley

    Chairman

  • Kit Kyte

    CEO

Balance Sheet

Forecast net cash (£m)

9.5

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 16.2 7.5 (14.0)
Relative 11.6 4.3 (17.8)
52 week high/low 30.5p/18.5p

Financials

Checkit has won contracts with two customers worth at least £417k over the three-year lives of the contracts, confirming its ability to upsell to its existing customer base and supporting our forecasts. Having trialled the new technology with multiple customers, Checkit has launched its Asset Intelligence module, which uses advanced analytics and machine learning to enhance customer sustainability, reduce costs and increase revenue.

Y/E Jan Revenue (£m) EBITDA (£m) PBT (£m) EPS (fd) (p) P/E (x) P/CF (x)
2022A 8.4 (5.6) (6.1) (9.0) N/A N/A
2023A 10.3 (6.4) (7.3) (6.9) N/A N/A
2024E 12.0 (3.6) (4.7) (4.3) N/A N/A
2025E 14.2 (2.3) (3.6) (3.4) N/A N/A

Research

Update

TMT

Checkit — FY24 revenue and ARR in line, EBITDA ahead

Update

TMT

Checkit — Making good progress towards profitability

TMT

Flash note

Checkit — New product launch and contract wins
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Further insights

insight

Seven things every investor needs to know about Checkit

Analyst of the week

Katherine Thompson
kthompson@edisongroup.com 020 3077 5730
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MediaWatch – Still waiting…
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