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Business Summary: Checkit plc is a United Kingdom-based company that provides an intelligent operations management platform for deskless workforces. The Company offers augmented workflow solutions for frontline workers, enabling multinational and complex organizations to operate safely and sustainably. Its main activities are the supply of connected workflow management, automated monitoring and building management, Internet of Things (IoT), and operational insight-based products and services. Its subscription business model offers optional plugins for smart sensor networks and workflow task management. Its solutions include Medical Temperature Monitoring and Food Safety. Its automated medical temperature monitoring solution keeps medicines, vaccines, plasma, and samples safely, whether in storage or on the move. It serves a range of industries, including healthcare, care homes, hospitality, retail and facilities management. Its subsidiaries include Checkit Europe Limited and Checkit UK Limited.
Financial Summary: BRIEF: For the fiscal year ended 31 January 2024, Checkit PLC revenues increased 17% to L12M. Net loss before extraordinary items decreased 63% to L4.5M. Revenues reflect United Kingdom segment increase of 16% to L8.9M, Americas segment increase of 19% to L3.1M. Lower net loss reflects Impairment of Goodwill decrease from L4.3M (expense) to L0K, Administrative expenses decrease of 11% to L8.8M (expense).