D4T4 Solutions, an AIM-listed data company, has announced that it anticipates a swing to adjusted pretax profit for the first half-year. This improvement is attributed to the growth of its sales pipeline and delayed revenue from contracts signed in the previous year.
According to the company, the adjusted pretax profit for the half-year ending September 30 is projected to be £200,000 ($242,400), compared to a loss of £1.3 million previously. Additionally, D4T4 Solutions expects its revenue for the period to reach £13.0 million, a notable increase from £8.1 million. Moreover, the company’s annual recurring revenue has risen to £17.4 million from £16.7 million as of March 31.
Chief Executive Officer Bill Bruno expressed satisfaction with the progress made in the first half of the financial year. He emphasized the visibility provided by the improving annual recurring revenue, which instills confidence in achieving another year of progress and meeting management expectations for the full year.
As a result of this positive news, shares in D4T4 Solutions have risen by 3.2% to 160.0 pence as of 08:45 GMT.