Eckoh continues to cash in on the payments boom

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  • Eckoh on track to meet expectations as UK business returns to pre-pandemic levels
  • Eckoh says ‘momentum is building’ but remains cautious
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Quick facts: Eckoh PLC

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Eckoh PLC is a global provider of Secure Payment products and Customer Contact solutions, supporting an international client base from its offices in the UK and US.

The company’s large portfolio of clients come from a broad range of vertical markets and includes government departments, telecoms providers, retailers, utility providers and financial services organisations.

02 Nov 2021

Eckoh PLC (AIM:ECK, OTC:EKTPF), the provider of secure payment products and customer contact solutions, is on course to meet the market’s full-year expectations.

In its half-year trading update, covering the six months to the end of September, the group said it had seen growth in recurring revenues with a recovery in the UK adding to revenue visibility.

In the US secure payments business, it has seen strong progress in improving annualised recurring revenues (ARR).

On an underlying basis (at constant currency, excluding discontinued third-party support activity), the group’s revenue was slightly higher year-on-year; recurring revenues increased by 7% (representing 73% of total revenues) and operating profit grew by 18%.

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07 Oct 2021

Eckoh PLC (AIM:ECK, OTC:EKTPF) announced it has strengthened its international patent portfolio with two further patents, so its IP is now backed by a portfolio of 17 international patents.

The new patents to be granted are for ReverseContact Centre Authentication.

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01 Sep 2021

Eckoh PLC (AIM:ECK) said trading in the first four months to end-July was in line with market expectations.

In a brief trading statement released ahead of the company’s AGM on Wednesday, the AIM-listed provider of secure payment products and customer contact solutions said its financial position remains strong.

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02 Nov 2021

Eckoh PLC (AIM:ECK, OTC:EKTPF) (Eckoh PLC (AIM:ECK, OTC:EKTPF), Eckoh PLC (AIM:ECK, OTC:EKTPF)) Nik Philpot, Chief Executive Officer, joins Proactive London to talk about their half year performance and expectations for their full-year expectations.

He describes the period as a ‘mixed bag’ but overall a ‘more positive and more normal half year’. The firm has seen growth in recurring revenues with a recovery in the UK adding to revenue visibility. And in the US secure payments business, it has seen strong progress in improving annualised recurring revenues (ARR).

Net cash at the end of September stood at GBP12.7mln, little changed from GBP12.9mln a year earlier.

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Eckoh says ‘momentum is building’ but remains cautious

Eckoh PLC (AIM:ECK, OTC:EKTPF) (Eckoh PLC (AIM:ECK, OTC:EKTPF), Eckoh PLC (AIM:ECK, OTC:EKTPF)) Nik Philpot, Chief Executive Officer, joins Proactive London to talk about their half year performance and expectations for their full-year expectations.

He describes the period as a ‘mixed bag’…

2 hours, 14 minutes ago

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