Checkit Share Discussion Threads

[wad collector] 29/7/2021 12:32

Interesting little spike up with a bit of volume today.

[wad collector] 15/7/2021 08:00

Product update announcement , hard to interpret without more up to date user knowledge.

[zipstuck] 12/7/2021 13:05

Since joining Checkit as Chief Commercial Officer on 1 February 2021, Kit has overseen a significant transformation of the Growth (sales and marketing) Function including a tripling of Checkit Connect's prospective pipeline.

[tday] 06/7/2021 14:59

A Capital Markets Day is to provide investors, with a full review of the company's strategy, operations and financial targets.

[xxx] 05/7/2021 21:15

Why would a £35m mcap co. with significant nett cash have a capital markets day ?
Answers on the back of a postcard please...

[tradertrev] 29/6/2021 15:12

CMD on 15th July just announced.

[wad collector] 28/6/2021 16:02

Well, there was a maiden buy by a director 2 weeks ago at 62p so she wasn't worried.

[tradertrev] 28/6/2021 08:42

Recent weakness - just a seller needing to be cleared? Any insights? Sorry I can't help.

[wad collector] 13/5/2021 15:45

It is hard to know what comparison results should have this year, I think they should all come in a 3 yr historic format.
Revenue but not profit figures are only half the story.

[bwm2] 13/5/2021 07:18

I'm not sure I want quarterly updates but was pleasantly surprised all the same. No update notes and shares marked down. Too good to miss so added which is yet to be reported

[tradertrev] 04/5/2021 08:03

Testing the intra-day highs of 2019.

[gersemi] 30/4/2021 21:39

A business primed for the ‘new normal’

Operating losses slashed.
Annual recurring revenue (ARR) increases 46 per cent.
Small acquisition and additional hire boosts US sales drive.

Technology group Checkit (CKT:63p) has reduced full-year adjusted operating losses by more than half to £3.1m on 35 per cent higher revenue of £13.2m, an eye-catching 15 per cent outperformance of previous guidance (‘Technology stocks for the new normal’, 26 October 2020). Net cash of £11.5m was £1m higher, too.

Checkit’s workflow management software digitises the scheduling and reporting of operational workflows with a view to automating manual processes, increasing efficiency and delivering greater management insight. Despite Covid-19 headwinds impacting some customers, annual recurring revenue (ARR) increased by 46 per cent to £5.7m, driven by new customer wins in the NHS and food retail sector, as well as contract renewals on enhanced terms.

The accelerated pace of digital transformation brought on by the pandemic is clearly validating Checkit's value proposition in the new ‘normal’ as companies look to manage deskless workforces through data-driven remote monitoring, and automated systems surveillance. There are tangible cost benefits, too, for corporate customers in Checkit’s five industry verticals: healthcare, food and retail, facilities management, pharmaceutical and fast-food restaurants.

The acquisition of US-based Tutela Monitoring Systems and hiring of an experienced Software-as-a-Service (SaaS) executive (previously at Oracle NetSuite) to drive revenue generation across enterprise food and retail, and healthcare markets in the Americas is another positive.

Checkit’s share price has risen by a third since my last update, and the re-rating has further to run to my new target of 75p. That’s because Checkit could hit the inflexion point of operating profitability sooner than I had envisaged, a possibility is not reflected in an enterprise valuation of two times annual revenue, a 70 per cent discount to the UK software sector average. Buy.

[yellowstoneadvisory] 29/4/2021 20:15

Share price had a nice recovery during and after the results webinar which was very well attended. A recording of the webinar can be found here: hxxps://youtu.be/uS5nAMrdVJU

A write up of the webinar can be found here: hxxps://www.yellowstoneadvisory.com/post/checkit

[wad collector] 29/4/2021 07:32

Burned £3m in cash this year, loss is down, but it seems the market does not share Mr Daley's enthusiasm this morning so far.
Still , share price has held most of yesterday's gains.

[yellowstoneadvisory] 29/4/2021 06:16

#CKT FY - inline with higher numbers guided in Feb.
Chairs statement particularly bullish on future prospects. Current year started strongly



Webinar today at 1pm. Hear the mgmt team and ask your questions.
hxxps://us02web.zoom.us/webinar/register/2816183450859/WN_vu9Av2ekRTyxGJ9nfxHErw

[wad collector] 28/4/2021 22:50

XXX , it was the early days of the Checkit roll out , they were fitting remote monitoring devices to a series of fridges that were being temperature controlled and monitored via the building wifi system. There was some hard wiring involved , I can't remember how much, it was certainly being fitted by their technicians. I recall there was a problem with where exactly to place the sensor as there seemed a lot of variability when the doors were opened.
Glad I added a week ago . Is today's rise in anticipation of tomorrow's prelims? Hope so.

[29palms] 23/4/2021 13:20

Once again, point to note - there is only 19.2m shares in "Free Float" so any strong trades to the buy side will only propel the share price upwards.

[bwm2] 23/4/2021 13:17

Ive just seen this spring into life, any thoughts other that results next Thurs

[xxx] 21/4/2021 16:42

Interested to hear what your experience was and where this product fits in. Does it have any IP attached? If not it appears to be sensor + software, which I would have thought would be copied and commodotised quite promptly, but I dont know anything about the area and the website doesnt help me in that.

[wad collector] 21/4/2021 11:14

Having had some experience with an earlier version of Checkit , I think this might be quite a significant advance so just bought some more at 52.4p

Product update announcement

Technology launch enabling low cost global expansion

Checkit plc (AIM: CKT), the intelligent operations management platform for deskless workforces, announces a new self-installation feature for automated temperature monitoring in the food industry. This technology launch is expected to provide a significant boost to the Company's competitive position and remove a barrier to its global expansion plans since it enables customers to set up their own sensor networks in minutes without the need for specialist field engineers. Engineer installation will continue to be available worldwide as an optional extra via non-specialist third parties.

The Company expects that the technology will be of significant interest to large customers involved in sourcing, processing, transporting, storing, retailing and serving food and complements Checkit's workflow management capabilities. It is supported by a 24/7 helpline.

The development has been accelerated as a result of the ongoing restrictions in response to the Covid-19 pandemic. Checkit has combined plug-and-play devices with step-by-step wizards to simplify installation.

The self-installation feature is now being used in Australia, New Zealand, the Netherlands, Luxemburg and Poland. To ensure a smooth customer adoption experience, Checkit is available in multiple languages.

Keith Daley, Executive Chair, commented: "As we continue to focus on enterprise-wide intelligent operations management, we will continue to seek to remove any barriers to the roll-out of our technology into customers' operations worldwide. This is the first of several improvements we shall be making this year. We believe that enterprise operations management should offer the same consumer experience we've all grown to expect in our daily lives - something which we believe has been missing from the market until now."

[yellowstoneadvisory] 14/4/2021 16:39

Hi Tradertrev, Yellowstone are organising the webinar on behalf of Checkit. The date for the FY results was given in the trading update in Feb.

[tradertrev] 14/4/2021 07:46

Where are you seeing that YA? No RNS posted that I can see and nothing on the co website.

[yellowstoneadvisory] 14/4/2021 06:55

Checkit Plc announce FY results on 29 April and there is a webinar for investor at 1pm that day with Chair Keith Daley and CFO Aysla Muir. Register
hxxps://us02web.zoom.us/webinar/register/2816183450859/WN_vu9Av2ekRTyxGJ9nfxHErw

[tradertrev] 22/3/2021 14:27

Small increase to Graham Edwards' holding?