Portfolio news 0

UNAUDITED CONSOLIDATED INTERIM RESULTS for the six months ended 31 March 2020

Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce its unaudited consolidated interim results for the six months ended 31 March 2020.


Highlights

 
● Pivot in focus of sales processes to professional services model largely complete

● Revenue of £971,516 (31 March 2019: £953,025)

● Gross profit increased by 29% to £507,099 (31 March 2019: £393,141) as a result of improved operating efficiencies

● Operating loss after exceptional item declined by 12% to £ 3,031,961 (31 March 2019: £ 3,444,666)

● Loss per share of 6.06p (31 March 2019: loss per share of 7.37p)

● Cash and cash equivalents at 31 March 2020 of £4,394,105 (30 September 2019: £7,876,634)

● Expected annualised cost savings of approximately £1.8m resulting from a restructuring of the cost base, as announced previously

 
  
Dave Page, CEO of Actual Experience plc, said:   "Our pivot to a professional services led engagement is now complete and structural changes made in this regard will be reflected in the reduced ongoing cost base. We continue to make progress in targeting further land and expand opportunities with global blue chip companies and remain convinced that we will grow our Annual Recurring Revenue as a result.

Significant changes have taken place globally in regards to how businesses are operating. The recent enforced adoption of home working places digital transformation and related digital experience at the top of the corporate agenda.  We, together with our Partners, their customers, and a growing number of industry analysts, believe that this will result in long term change to how employees work that highlights the need for our technology.  Our ability to service the needs of major corporates, be it in traditional offices or in hundreds or thousands of individual homes, places us in a strong position. Discussions regarding potential new contracts are well progressed and we expect to be able to announce further details regarding this in due course."   

 

Enquiries:

 

Actual Experience plc

Dave Page, Chief Executive Officer

Steve Bennetts, Chief Financial Officer

 

via Alma PR

N+1 Singer Advisory LLP

Shaun Dobson

Tom Salvesen

Iqra Amin

 Tel: +44 (0)207 496 3000

 

Alma PR

Caroline Forde

Tel: +44 (0)7779 664584

Josh Royston

Helena Bogle

 

Tel: +44 (0)7780 901979

Tel: +44 (0)7580216203

 

About Actual Experience


Actual Experience's goal is to significantly improve the performance of the digital world.

The Company enables its partners to optimise their customers' digital ecosystem to increase productivity and enhance brand experiences through Human Experience Management.

Developed from 10 years of patented academic research and three patents, the Company's Human Experience Management Services analyse the human experience of any digital service. The Company's service provides organisations with actionable information whereby changes to the digital ecosystem can be made to optimise and improve digital experience for customers and employees.  For any organisation, this means that their most valuable asset - their employees - are liberated from digital slow time, their online brand reputation can be protected and they can make informed ecosystem investment decisions.

Actual Experience is listed on the London Stock Exchange (AIM: ACT). Our corporate headquarters is in Bath, UK. Actual Experience's unique and patented digital analytics-as-a-service is founded on cutting-edge research at Queen Mary University of London.

For further information please visit www.actual-experience.com