Forex rx-360

To see a tutorial on how the Follow Feed works: To dive right in and see the Follow Feed in action with your first follow: You can see your current Follow list as a Monitor list here. Crimson Tide plc "Crimson Tide" or "the Company"a leading service provider of mobility solutions for business, is pleased to announce its unaudited preliminary results for the year ended 31 December Perhaps the most exciting thing is that we have invested, and will continue to invest in our expansion activities, which are being financed by our existing profitability and cash.

The Directors are convinced that the future success of the Company will exceed their previous expectations, both domestically and internationally". Founded in and quoted on AIM sinceCrimson Tide plc is the provider of mpro5 - Smart Mobility rx-360 a Service SMaaS.

Crimson Tide offers a global service, working with some of the world's leading companies, tailoring mpro5 to suit customer needs. Developed over 10 years by its world-class team, mpro5 is the smart choice for organisations large and small forex want to improve productivity and save forex. It is provided on subscription, so clients can immediately see a return on rx-360 investment. An updated presentation is available in the investor section of the company's website www.

Crimson Tide performed extremely well in across all areas of the business and I am delighted to report on this period and the future plans for the Company.

We recorded another doubling of profitability at the pre-tax level and continued to generate cash, as well as increasing our contracted revenues substantially. Our financial model continues to transition towards a greater rx-360 on enterprise level agreements rather than smaller subscriber based transactions and, as such, our client base now includes a greater number of companies and organisations of substantial scale.

The ability to adapt the system to meet the specific needs of any mobile workforce is enabling us to sell it both into new customers and also to increase the subscriber base in existing customers and is the reason why mpro5 is now commonly used in supermarkets, retail outlets, pubs and hotels as well as the London Underground.

It is becoming increasingly well known in the facilities management, logistics, retail operations and property industries as it continues to be deployed more widely. A relevant case study is where a customer in commercial cleaning that first entered into a subscription agreement with us over seven years ago forex been acquired by one of the largest fm companies in the country.

Mpro5 is now used by the larger group in compliance auditing, proof of presence and incident capture and alerting. One area that I would like to highlight this year is the advances that we have made in the fields of healthcare and medicine. Crimson Tide has a strong history in this field having first developed a solution to improve the recording of data from patients with haemophilia, an area where it is still making a real difference today.

Since then it has been adapted to meet the various clinical needs of a disparate range of end users, including:. We are committed to helping organizations to ensure that end users are receiving the medicines they need and protecting them from potentially harmful products.

Coupled with rx-360 use of mpro5 drug trial data capture we are becoming well known as a provider of innovative solutions in this burgeoning, and very rewarding, field. I am proud to say that we have staff members who are committed to this field not just for commercial reasons but for very human ones.

Technically, the decision was taken to upgrade the mobile application element of mpro5 during the year and much progress has been made on our path to converting the application to one of the most modern, scalable and flexible mobile platforms. The use of Angular and the ionic mobile framework will give us greater speed and improved operability, coupled rx-360 a much better look and feel for the user.

In short, the new mpro5 app will be faster, more powerful and aesthetically better than anything we have produced to date. It will also allow us to consolidate other mpro applications which were built on the Windows embedded platform for specific users. We have also made strides with our Internet of Things IoT strategy and are currently focusing on temperature control, both at the handheld level Bluetooth probesand the room level wall sensors. The tracking of temperature, and later humidity, will become an increasingly important tool across many industries and particularly in the medical and healthcare fields and Crimson Tide is well placed to meet demand.

Given the excellent progress made during the year to date, the stable platform which has been built and the strong pipeline of opportunities, the Board took the decision, in the second half of the year, to invest appropriately in the next stage of the Company's growth. Whilst international expansion can present challenges, we decided to be quite tactical in our investments.

Specifically, we are making strides in our relationship with Vodafone in Ireland and have employed a Business Development Executive in The Netherlands, who is building an increasing pipeline of European sales opportunities. We also recently signed a partnership agreement with Mobilise IT in Melbourne, Australia and have developed a strong relationship with Rx, an international pharma consortium in the United States focused on patient safety.

RX members include many of the largest pharma companies in the world, and at their annual conference in Washington DC, I was struck by how many uses there are for mpro5 in this arena. Finally, in Dubai, we have entered into an agreement with British Centres for Business, an organisation developed by the Department for International Trade.

Our early experiences across these geographies are demonstrating that the opportunities for mpro5 are abundant, and we hope to be in a position to provide an update on our international operations in the near future.

We started to absorb some of the costs of our expansion strategy at the end of Staff count increased from 14 to 26 and we are in the process of enhancing our forex agreements, further protecting our IP and moving to larger premises.

Meanwhile, our investment in marketing continues to grow. These investments, whilst having an impact upon our financial results forposition the Company well to take advantage of significant growth opportunities where markets are perfectly suited to adopting our mpro5 service.

The Company has a strong balance sheet, underpinned by our cash balance as well as the support of NatWest and Lombard. The majority of the increased expenditure will be incurred in this current financial year and will therefore impact the bottom line performance of the group for However, the Board is firmly of the opinion that these measures will enable us to scale significantly in the coming years.

In summary, the Company has performed very well in its home markets for a number of years now and it is time for us to leverage the power of mpro5 in rx-360 geographies. Finally, the success of Crimson Tide is in our people. As part of our 20 th anniversary celebrations we presented long term service pins forex around half of the staff who have served the Company faithfully for many years.

The new members have added to our team ethic and the group is excited, particularly with our new software and expansion plans. I was delighted to appoint Luke Jeffrey, our Technical Director, to the position of Deputy CEO during the year. This appointment ensures forex in our existing operation whilst allowing us to pursue our growth plans.

I should also like rx-360 take this opportunity to thank our shareholders, bankers and advisers for their counsel and support. I am delighted with our progress and firmly believe that the decision to accelerate and take advantage of opportunities in front of us will prove to be an excellent rx-360. The Directors look forward with great confidence. I am very pleased to comment on our results for the year to 31 December and review our operations during this period.

We started the year on a very positive note following the earlier than expected full rollout of the Company's mpro5 solution with one of the country's leading supermarket retailers. The year ended in a similar positive manner with a sooner than expected further deployment with another large supermarket retailer following their successful pilot. On both occasions the Crimson Tide team were able to quickly install the solution so that in total, nearly stores are now profiting from its mpro5 service to ensure store safety, cleanliness and security.

Other benefits include incident capture as well as providing dynamic audits and bespoke management dashboards to improve efficiency and productivity. These and other contracts secured during the year, are typically for terms of three or more rx-360. This provides excellent revenue visibility for and beyond.

Furthermore, we remain very pleased with our contract renewal rate with many of our older customers renewing their initial agreements, signing up for extended terms, and often adding more users at the same time.

In effect, once operational, our mpro5 solution forms an integral part of our customers' business forex. You will have read in the Chairman's statement the technical advances we made during the year and we continue to make. As we enhance and develop additional functionality, our customers continue to rx-360 from using a leading mobility solution which we are adapting to their ever increasing requirements.

It is important to stress that these developments are taking place within a highly controlled operational environment. Early inwe achieved the internationally recognised ISO certification which demonstrates the Company's commitment to customer service, quality in delivery and its commitment rx-360 continuous improvement.

ISO is designed help establish and maintain an effective information management system and security of information, using a continual improvement approach.

These principles particularly resonate in the healthcare and pharma industries. During the year the Company renewed an agreement to provide patients with hereditary coagulation disorders with a solution to manage their use of prescribed pharmaceutical products. The Company believes revenues from these markets will continue to increase as it progresses a number of pilot projects and significant related opportunities for mpro5.

These and many other positive developments, together with the strong performance of the business over the year, give the Board the confidence to continue to forex in further growth and accelerate plans to expand geographically.

Over the course ofheadcount has been increased to enable this expansion to take place while ensuring no detrimental effect on the underlying operations. There is no doubting the considerable market opportunity for our proven mpro5 mobility solution. An upgraded sales and marketing team has already started to validate opportunities outside the UK and Ireland.

Whilst this and other growth related investment has increased the cost base, the Board firmly believes that the responsible course is to accelerate these activities to generate higher revenues and greater returns for shareholders. Turnover for the twelve months to 31 December totalled GBP1. After depreciation, amortisation and interest costs, the Group achieved a profit before tax of GBPk, more than double the previous year GBPk which in turn was double the previous year.

Crimson Tide's balance sheet has improved significantly following the capital reconstruction in February referred to financial statements below. The Company now has positive retained earnings to allow it to, if appropriate, pay dividends in the future. Shareholders also approved future share buy-backs, again if thought by the directors to be appropriate.

Positive cashflows generated the since the year end, have further improved the position. There have been no changes to Crimson Tide's accounting policies which can be found in the notes to the published Consolidated Financial Statements available on our website, www.

The Chairman's statement gives an excellent picture of the outlook for the business over the short to medium term. We are most certainly at a very exciting stage of Crimson Tide's development. We have an established track record with our shareholders and an excellent reputation for providing a quality solution to our customers. We continue to work hard on behalf of both to ensure our success is maintained.

Shareholders also approved future share buy-backs. Following a court hearing on forex February the court confirmed the reduction of capital of the Company. The nominal value of each Ordinary Share in the Company reduced from one penny to 0.

Trading in the shares with a nominal value of 0. The preliminary results for the period to 31 December are unaudited. The consolidated financial statements of Crimson Tide plc will be prepared and approved by the Directors in accordance with applicable law and International Financial Reporting Standards, incorporating International Accounting Standards IAS and Interpretations collectively IFRSs as endorsed by the European Union.

The Group financial statements consolidate the financial statements of the Company and all of its subsidiaries. On an acquisition, fair forex are attributed to the Group's share of net assets. Where the cost of acquisition exceeds the values attributable to such net assets, the difference is treated as purchased goodwill, which is capitalised and subjected to annual impairment reviews. The results of acquired companies are brought in from the date of their acquisition.

No changes in accounting policies, including new or amended IFRSs, are expected to have an impact on the Company's financial results. Subscription income and support income is credited to turnover in equal monthly instalments over the period of the agreement.

There is no recognition in the Consolidated Forex Statement of the contracted value of future revenues. A reduced corporation tax charge of GBP4, The earnings per share has been calculated by dividing the profit attributable to ordinary shareholders by the weighted average number of shares in issue calculated as follows:.

The financial information set out above does not constitute the Company's statutory accounts for the years ended 31 December or 31 December Statutory accounts forwhich were prepared under IFRS, have been delivered to the Registrar of Companies. The auditors have forex on the accounts; their report was unqualified and did not contain a statement under section 2 or 3 of the Companies Act The statutory accounts for which are prepared under accounting standards adopted by the EU will be finalised on the basis of the financial information presented by the directors in this preliminary announcement and will be delivered to the Registrar of Companies following the Company's annual general meeting.

The statutory accounts will be published on the Company's website www. Monitor Quote Charts Trades News Financials Toplists Alerts Portfolio Level 2 Free BB PBB.

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