FreeAgent Holdings plc is a provider of cloud-based Software-as-a-Service (SaaS) accounting software solutions and mobile applications designed specifically for UK micro-businesses (sole traders and companies with fewer than 10 employees) and their accountants. Since the business was established in 2007, the focus has been on building its UK subscriber base in parallel with developing new features for its business and accounting software solutions. Headquartered and operating from Edinburgh, Scotland the number of active subscribers using FreeAgent's SaaS solutions is currently c. 52,000.


Admission to AIM and First Day of Dealings 16 Nov 2016

Agree.

Just wondering will this lift off or dive?

Rightly or wrongly dream i sold , in anticipation of other stocks being better prospects , lost couple of hundred but there's just no info or potential floating about .

May do the same VICTIM.

Probably go into orbit now that I sold these.

I thought there would be a low here , but only 16,000 share bought .

Could well retrace tomorrow or indeed increase. lol

Interim Results
RNS
RNS Number : 3938Y
FreeAgent Holdings PLC
05 December 2017
 
 
FreeAgent Holdings plc
 
("FreeAgent", the "Company" or the "Group")
 
Interim results for the six months ended 30 September 2017
 
 
FreeAgent Holdings plc, a provider of cloud-based Software-as-a-Service ("SaaS") accounting software solutions and mobile applications designed specifically for UK micro-businesses, today announces its unaudited interim results for the six months ended 30 September 2017.
 
Financial Highlights
·     Revenue increased by 28% to £4.6m (H1 2017: £3.6m)
·     Gross profit up 22% to £3.7m (H1 2017: £3.0m)
·     Gross profit margin 80% (H1 2017: 84%)
·     Adjusted EBITDA loss £0.3m (H1 2017: loss £0.4m), as expected
·     Net loss of £1.0m, reflecting planned growth in further customer acquisition and support costs and increased investment in product development (H1 2017: £1.3m)
·     Net cash of £3.4m as at 30 September 2017 (H1 2017: £0.6m)
·     Residual lifetime value of future subscriptions from existing customer base increased by 15% to £44.0m (H1 2017: £38.1m)
·     Good revenue visibility maintained with ACMRR up 17% at £9.0m (H1 2017: £7.7m)
 
Operational & Strategic Highlights
·     Accounting practice clients increased to 37,600 (H1 2017: 29,485)
·     Direct clients increased to 18,247 (H1 2017: 16,724)
·     Strategic partnership with the RBS Group (RBS) building momentum with RBS customer portal activated during September
o  Initial RBS monthly subscribers 571 (H1 2017: nil)
o  Post period-end: a further c1,200 monthly subscribers were added. Total c1,800 as at 4 December 2017
·     Customer Net Promoter Score (NPS) remained high at 72
 
Commenting on today's results, Ed Molyneux, Chief Executive, said:
 
"The first half has seen FreeAgent report continued strong revenue growth with an evolving channel mix.  Growth has continued in both our direct sales and practice sale channels and, whilst the rate of growth in our practice sales has been tempered by changes to IR35 'off-payroll' legislation which has affected public sector contractors, the underlying market drivers remain intact as accounting professionals transition towards digital accounting to cater for all their business requirements. 
 
Considerable progress has been made in developing our strategic partnership with the RBS Group, with the Bank's customer portal going live towards the end of the financial period and initial monthly subscriptions by early adopters in line with our expectations. RBS' commitment to the project is evidenced by significant sector and financial support, and the endorsement of senior RBS management. We look forward to reporting further progress with the rollout in the second half."
 
 
The glossary on page 5 contains definitions and basis of calculation of SaaS metrics.
 
This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014.
 

Not exactly buying in hordes here dream , pretty good interims , I think the MM's killed this share the way they dropped and raised it so sharply .

Just watching this company ViCTIM.

Well look at this , must be takeover , never mind some you win .

Blimey just looked and it just banged up about 10 oclock , needs looking into this very strange dream .

Ha , RBS recommended offer , never saw the RNS . sorry .

Well done VICTIM, that is if you still hold. Held these for a brief period.

No i sold out ages ago , but thought of buying back . Too late .