Pelatro PLC - AGM Statement
("Pelatro" or the "Group")
At Pelatro's Annual General Meeting ("AGM") to be held later today, Chairman,
As noted in our announcement of
Product and contract update
Telcos the world over are struggling to leverage software tools to increase revenue and reduce churn. Pelatro's advanced processes and expertise enables us to evolve campaign strategies, design the campaigns, execute them and effectively measure the returns. Our Managed Services offering comprises operational support for the telcos, covering both business and IT operations. Pelatro has also built skill sets covering telco marketing, analytics and data science, which are essential to win and execute Revenue Gain Share contracts. We have focused on winning recurring revenue contracts from early 2019, including both Managed Services and Revenue Gain Share contracts, with six such contracts won to date.
Pelatro has an end-to-end product suite covering campaign management, loyalty management, data monetisation and unified communication solutions. Having set up these cornerstone products, the Group has been developing several add-on modules to further enhance the offering. Each module adds a specific feature, or use case, to the base product and can also be sold independently of each other. The Group has launched seven such modules this year, helping to maintain Pelatro's competitive advantage and strengthen relationships with telco customers.
The recurring revenue contracts won over the past 18 months, including the significant 300 million+ subscriber contract announced in
Outlook for the year
We remain optimistic about the prospects for the telecommunications industry. At the same time, Pelatro is increasingly cash generative, with clearer visibility on future income streams and our new product modules provide a strong foundation for our continued growth. All our existing customers can benefit from these modules at some point in time, helping to ensure a continuous stream of revenue for Pelatro. Further, these modules enable us to build more value for our customers, deepening the partnership between us.
Given the increase in revenue visibility we are confident of delivering a performance in line with expectations for 2020.
For further information contact:
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c/o Cenkos Securities plc
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Cenkos Securities plc (Nominated Adviser and Broker)
+44 (0)20 7397 8900
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Notes to editors
Pelatro provides its "mViva" platform for use by customers in B2C and B2B applications, and is well positioned in the Customer Engagement space. Our technology orchestrates the digital journey of the customers of the telcos through contextual, relevant and real time offers and loyalty programs across multiple channels including websites, social media, apps and others.
For more information about Pelatro, visit www.pelatro.com
This information is provided by RNS, the news service of the
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Market Cap: £12.92 m
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