Attraqt Share Discussion Threads

[battlebus2] 10/7/2015 07:20

ATTRAQT Group plc (AIM: ATQT), a leading provider of eCommerce visual merchandising, site search and recommendation technology, is pleased to announce that it has been appointed by Bfashion, an Eastern European online fashion retailer, to deliver ATTRAQT's full suite of products across eight international sites.

ATTRAQT's Freestyle Merchandising platform will enhance Bfashion's visual merchandising, site search and navigation, and product recommendation capabilities, upgrading its current ecommerce platform across Bulgaria, Romania, Hungary, Slovakia, Slovenia, Czech Republic, Croatia and Greece in line with local visual merchandising rules.

As part of this adoption of the Company's suite of products, Bfashion has opted to use the ATTRAQTMail™ service, launched in Q4 2014. This will allow Bfashion to merchandise to customers through its current email marketing system, and will also benefit from ATTRAQT's professional services department for a full site review and follow-up workshops.

André Brown, CEO of ATTRAQT Group plc, commented:

"We are delighted to announce that Bfashion has selected ATTRAQT to provide our full range of services to enhance its ecommerce platform. Bfashion is an exciting new customer for us in a market we have not previously had a presence in, underlining the growing international demand by retailers for our products. We look forward to working with the Bfashion team going forward."

Jay Krist, CEO of Bfashion (www.bfashion.com) commented:

"We are pleased to have appointed ATTRAQT to help us enhance our ecommerce business. We were impressed with their expertise in online merchandising and the range of solutions they provide as a single integrated solution. Their technology will be a real asset for our business going forward and help us to drive online sales across all of our sites."

[cyberbub] 09/7/2015 19:46

Am I reading it right that they only had 300K in cash as at last Dec (OK with another 200K of net receivables), and are still losing money overall? Will they not be coming back to the market for cash soon? The company looks interesting and is growing fast, but I am surprised that they didn't seek to raise more on listing, to make absolutely sure that they could reach a cashflow positive position?

[battlebus2] 09/7/2015 15:05

A few sizeable buys going through today...

[battlebus2] 06/7/2015 07:13

An improving picture here....


The Group has continued to see strong operational, financial and KPI performance improvements in the first half of 2015, and is on track to deliver results for 2015 in-line with market expectations.

ATTRAQT continues to experience growing demand from retailers for its Freestyle merchandising platform, in both the UK and international markets, signing its 100(th) client in June 2015. The Group signed 23 new client sites in the period (H1 2014: 21), including All Beauty, Bonmarché, Brown Thomas, Joules and StylistPick.com, as well as the extension of the existing Screwfix contract into other European markets.

The Group delivered a solid financial performance in the period, recording particularly encouraging trading in the month of June, which saw the value of new client sites signed increase 48% year-on-year, with a strong sales pipeline in place for H2 2015 and beyond.

Further investment in ATTRAQT's production processes has also proved successful, driving increased efficiencies with the launch of nine new sites in the period (H1 2014: 9), with a strong production pipeline in place for the second half and beyond. The Group has also seen a 180% increase in the value of new sites being delivered during H1. Platform usage has also continued to grow with a 57% increase in page impressions H1 2015 vs H1 2014.

ATTRAQT has continued to invest in platform enhancement and product development and expects to release its new hyper-caching technology in H2, which will provide significant increases in platform capacity and performance following successful testing in the first half of the year. In addition, the launch of the new ATTRAQTMail(TM) product in Q4 2014, which allows retailers to merchandise to customers through their current email marketing systems, is already proving successful.

Results for the six months ended 30 June 2015 are expected to be released during the first two weeks of September.

André Brown, CEO of ATTRAQT Group plc, commented:

"I am pleased to report that we continue to trade in line with market expectations and that demand for the ATTRAQT Freestyle Merchandising Platform is growing strongly. We have continued to make excellent progress during the first half of the year, growing sales and expanding our productive capacity, as well as continuing to develop partnerships and extending our technology platform.

"With both the number of new client sites and our production pipeline ahead of the same period last year, we remain confident about the outlook for the year and look forward to updating shareholders further at the Interim Results in September."

[battlebus2] 14/6/2015 14:40

Stone I don't see them coming back to the market for cash.

[stonethecrow] 14/6/2015 13:38

Trouble is these types always promise and never deliver coming back to the market for cash. Time enough to wait until they prove themselves BB2. Added to watch list for now.

[battlebus2] 14/6/2015 10:42

Hi Grahamwales, yes looks likely they will turn a profit within 12 months, I think we can see 50% upside in a year. Only imv dyor etc.

[grahamwales] 14/6/2015 10:25

Morning

First post on here, looking very good i must say. Sounded like there are further contracts to come shortly. U.S sounds very promising as well.

[battlebus2] 13/6/2015 15:12

For anyone researching BR Media have some links with the directors.

More deals to follow yesterdays Bonmarche and h1 results in September "exciting"

[battlebus2] 12/6/2015 15:22

Bought a few here, looks to be gathering clients with a deal with Bonmarche today, still loss making but that could change over the next 12 months.

[the stigologist] 19/8/2014 09:19

Sounded quite interesting until read Dan Wagner involved

[the stigologist] 19/8/2014 09:19

ATTRAQT Group plc (AIM: ATQT), a provider of eCommerce search, merchandising and recommendation technology, announces that dealings in the issued ordinary shares in the capital of the Company ("Ordinary Shares") will commence at 8.00 a.m. today on the AIM Market of the London Stock Exchange ("AIM").

Admission details and overview of the Company

· ATTRAQT is a Software as a Service ("SaaS") supplier that provides an integrated online merchandising platform, Freestyle Merchandising, which acts as an overlay to a retailer's eCommerce site and works to enhance the customer's experience as well as the sales performance of the site.
· ATTRAQT'S customers include, among others, Tesco Clothing, Boohoo.com, Superdry, Laura Ashley, Emma Bridgewater, Ellis Brigham, Paperchase, Screwfix, T.K. Maxx, BBC Retail and BT.
· The Company has raised £1.25m gross to provide working capital and fund growth of the Company going forward.
· The Company will have an initial market capitalisation on Admission of approximately £10.3m based on a price of 50 pence per Ordinary Share on Admission.
· It is anticipated that the Company's Admission to AIM will raise the profile of the Company, better position the Company to attract, recruit and retain key employees, provide the Company with greater flexibility for future growth and increase access to capital should further finance be required to expand the business.
· N+1 Singer is acting as Nominated Adviser and Broker to ATTRAQT.

Commenting on the successful Admission to AIM André Brown, Chief Executive and co-Founder, said:

"Online retail has seen massive growth over the past decade, but many retailers are still struggling to truly capitalise on the change in the market. We are seeing growing demand for our merchandising technology from some of the major players in retail, seeking to significantly increase their online revenues, improve conversion rates and customer retention, and increase the average value of orders.

We have a strong portfolio of clients and believe that by joining AIM, we will have an increased profile with future customers and better access to funds, allowing us to further develop ATTRAQT both domestically and internationally. Our scalable business model, impressive client list, experienced management team and innovative technology offering means we have confidence in the future success of ATTRAQT as a plc."



Dan Wagner, eCommerce veteran, Chairman and co-Founder, commented:

"As retailers come under greater pressure to engage and connect with a rapidly changing market place, driven by seismic shifts in consumer buying behaviour, the demand for transformational technology such as the ATTRAQT software has never been greater. As year on year growth in online sales hits new record highs retailers are experiencing the growing need to monetise this trend, and are relying on ATTRAQT's merchandising software to help increase conversion rates, retain customers and increase the value of orders. Investors now have a unique opportunity to share in the success of ATTRAQT and its considerable growth potential"