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Highlights
- FTSE AIM 100 index listed entity Craneware PLC (LSE:CRW) is recognized as one of the leading providers of Revenue integrity and 340B management solutions.
- During H1 FY23, the company was able to maintain a customer retention of over 90%.
- CRW’s revenue and adjusted EBITDA posted YoY growth of 5.6% and 7.6%, respectively during H1 FY23.
FTSE AIM 100 index listed entity Craneware PLC (LSE:CRW) is recognized as one of the leading providers of Revenue integrity and 340B management solutions to help its clients improve financial performance in the hospital and health system markets of the United States.
During the first half of the fiscal year 2023 (H1 FY23), the company has maintained customer retention of above 90%.
With an Annual Recurring Revenue of US$166.4 million (as of 31 December 2022), Craneware holds high levels of contracted revenue visibility. It had a cash reserve of US$38.6 million as of 31 December 2022.
CRW registered approximately 5.6% year-on-year (YoY) growth in revenue, while adjusted EBITDA grew by 7.6% YoY, during the reported period.
Road Ahead
In order to capitalize on growing market opportunity, Craneware is looking forward to continueits investment in research and development as well as on innovation activities. Also, CRW will stay focused on expansion and cross sale towards multi-site medical systems and small rural facilities. In a nutshell, the firm will continue to boost its development activities taking into account the market-leading solutions, widespread customer base and the scale of data flow.
Top 10 Shareholders
The top 10 shareholders of the company collectively hold around 57.01% of the total shareholdings. Liontrust Investment Partners LLP holds the maximum number of shares with nearly 12.91% shareholding, followed by Neilson (Keith) with 9.76% shareholding, as depicted in the chart below.
Stock Price Performance
The stock has witnessed a growth of ~3.03% in the last one month and over the last 6 months, it has decreased by ~24.86%. The stock has a 52-week low and 52-week high of GBX 1,060.00 & GBX 2,250.00, respectively and is currently trading below the average of 52-week high-low.
Data Source: EODHD/Others, Analysis done by Kalkine Group
Please note markets are trading in a highly volatile zone currently due to certain macro-economic and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while investing.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 28 June 2023. The reference data in this report has been partly sourced from EODHD/Others.
