Professional
Added to YB: 2024-10-14
Pitch date: 2024-10-09
CRTA.L [neutral]
Cirata plc
-31.95%
current return
Author Info
No bio for this author
Company Info
Cirata plc, together with its subsidiaries, engages in the development and provision of collaboration software in North America, Europe, China, and internationally.
Market Cap
GBP 28.7M
Pitch Price
GBP 0.29
Price Target
N/A
Dividend
N/A
EV/EBITDA
-1.38
P/E
-2.02
EV/Sales
2.59
Sector
Software
Category
turnaround
Alphyn Capital Management Portfolio Holding: Cirata plc
CRTA.L (turnaround struggling, may sell): CFO departure signals turnaround challenges. Underdeveloped sales/marketing hinders growth despite data migration potential. H1 deal slippage, but targets maintained. $983k HCSC contract renewal positive. More deals needed to prove sales ramp. Decision on holding by year-end based on sales growth.
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