Trading Update & Board Change

Celebrus Technologies plc (AIM: CLBS, "the Group", "Celebrus"), the AIM-listed data solutions company, provides the following trading update for the year to 31 March 2024.

Results are expected to be in line with market expectations1, with full year revenues above £32.0 million (FY23: £21.5 million) and adjusted profit before tax in the region of £5.5 million (FY23: profit £3.8 million).

Annual recurring revenue ("ARR") from software licenses and associated support, maintenance and Celebrus Cloud is expected to be at least £20.0 million (31 March 2023: £16.7 million), a 20% increase in the year, reflecting the significant contract progress announced in January 2024.

The year-end cash balance is expected to be healthy, and the Group remains debt-free.

The Group continues to focus on the development and growth in adoption of the Celebrus platform in key markets while ensuring that the business is prepared to scale efficiently in the coming year. The order backlog and pipeline provide good visibility for the coming financial year.

The Group's full year results will be published on 9 July 2024.

Following the previously-announced appointment of Tom Skelton as Non-Executive Chair-elect in December 2023, Mr Skelton will assume the position of Chair from 31 March 2024 with Peter Simmonds stepping down from the role and from the board on the same day.

Bill Bruno, Chief Executive Officer commented:

"I am extremely proud of the team globally and their contributions to a successful year for the business. We continue to emphasize our focus on the Celebrus software platform, with the primary deployment option being Celebrus Cloud. As the upcoming financial year approaches, we are pleased with our ARR growth and revenue visibility; we will continue to invest accordingly to ensure we execute our strategy successfully."

1 For the purpose of this announcement, the Group believes market consensus for FY24 to be revenue of £32.1m, and adjusted profit before tax of £5.4m.