Eckoh (ECK)

Sector:

Support

Index:

FTSE AIM All-Share

67.50p
   
  • Change Today:
    -1.00p
  • 52 Week High: 69.50
  • 52 Week Low: 41.00
  • Currency: UK Pounds
  • Shares Issued: 253.80m
  • Volume: 54,593
  • Market Cap: £171.31m
  • RiskGrade: 175

Eckoh swings to profit as US operations shine

By Duncan Ferris

Date: Tuesday 19 Nov 2019

LONDON (ShareCast) - (Sharecast News) - Eckoh on Tuesday swung to an interim profit after strong revenue growth was driven by new business wins on the other side of the Atlantic.
The secure payment technology firm booked a profit before tax of £2.6m for the six months ended 30 September, compared with a loss of £0.2m in the same period last year, as revenue jumped by 37% to £18.0m.

The AIM traded company said this was due to a 104% surge in US turnover to £7.5m, following growth in all stateside channels and a £3.8m contract win from its Coral business.

Meanwhile, the larger UK division saw sales grow by 11% to £8.8m, driven higher by the deployment of new business and higher transactional volumes from the company's major clients.

Gross margins declined from 84% to 79% after the US business was impacted by the sale of the Coral licences, though Eckoh said it expected its product portfolio to be enhanced even faster and at higher margins following innovation initiatives.

Chief executive Nik Philpot said: "In the US we continue to benefit from our market leading position in secure payments, with revenues doubling, a record order book, and an increasing number of large enterprises successfully deployed. We expect attractive macro drivers to support future growth, as corporates face significant risks and costs if they do not comply with tougher regulations.

"Our strong first half, excellent revenue visibility and ongoing investment in our market-leading products, provides a robust platform for the full year outturn and reinforces our confidence in the positive long-term outlook for the group."

Eckoh shares were up by 2.04% at 49.49p at 1507 GMT.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Eckoh Market Data

Currency UK Pounds
Share Price 67.50p
Change Today -1.00p
% Change -1.46 %
52 Week High 69.50
52 Week Low 41.00
Volume 54,593
Shares Issued 253.80m
Market Cap £171.31m
RiskGrade 175

Eckoh Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.91% below the market average92.91% below the market average92.91% below the market average92.91% below the market average92.91% below the market average
85.45% below the sector average85.45% below the sector average85.45% below the sector average85.45% below the sector average85.45% below the sector average
Price Trend
86.49% above the market average86.49% above the market average86.49% above the market average86.49% above the market average86.49% above the market average
93.04% above the sector average93.04% above the sector average93.04% above the sector average93.04% above the sector average93.04% above the sector average
Income Not Available
Growth
93.20% above the market average93.20% above the market average93.20% above the market average93.20% above the market average93.20% above the market average
94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average94.44% above the sector average

Eckoh Dividends

  Latest Previous
  Special Final
Ex-Div 24-Sep-20 26-Sep-19
Paid 23-Oct-20 25-Oct-19
Amount 0.61p 0.61p

Trades for 24-Sep-2020

Time Volume / Share Price
16:23 39,162 @ 66.75p
15:57 8,120 @ 66.90p
15:20 1,000 @ 66.55p
14:44 1,908 @ 69.00p
12:09 15,000 @ 66.00p

Eckoh Key Personnel

CEO Nicolas B Philpot
CFO Chrissie Herbert

Top of Page