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Checkit PLC shares jumped on Thursday, after it said it has won a number of contracts in US and secured a contract renewal in the UK.
Shares in the Cambridge-based workflow management software provider were up 8.0% to 23.75 pence each in London on Thursday morning.
Checkit said it has won three contracts in the US, which will generate a combined minimum value of around $1 million over their three-year terms.
Two of these contracts, it said, are with biopharma companies, whilst the third is with a resort and casino operator on the West Coast of the US.
‘These contract wins demonstrate Checkit’s continued progress in the US and highlight the potential for further expansion,’ the company explained.
In the UK, Checkit said it has renewed an existing contract, worth around £2.1 million over four years. The contract has been secured with an ‘integrated energy company’ to provide real time operations management capability to over 300 sites, it added.
Chief Executive Officer Kit Kyte said: ‘These contract wins, amongst others, underscore the positive sales momentum we have been building in the US, which we believe will continue as we look to further expand our US presence in FY24.
‘In addition, I am delighted to announce the renewal of an important contract with an existing enterprise customer in the UK for the provision of real-time operations management technology and services.’
By Sophie Rose; Alliance News reporter
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