Celebrus Technologies plc is set to appoint a new chair after reporting growth in both revenue and profits.

The AIM-listed data solutions company said revenues for the year to 31st March 2024 would be above £32 million, up from £21.5m in the previous year.

Adjusted profit before tax would be in the region of £5.5m, compared with £3.8m in FY23.

Both are in line with market expectations. The year-end cash balance is expected to be ‘healthy’ and the group remains debt-free.

Why I turned down Google to join Concirrus mission

The Middlesex company aims to help companies to build a comprehensive understanding of visitors to their tech platforms without the use of third-party cookies.

It is used by the likes of Lloyds Bank, HSBC, BNP Paribas, The Very Group and Bank of America.

Tom Skelton, an experienced CEO and chair both in the UK and US, joined the company’s board as chairperson elect in December 2023. He is set to assume the position of non-executive chair from 31st March, with Peter Simmonds stepping down from the role and from the board on the same day.

“I am extremely proud of the team globally and their contributions to a successful year for the business,” said CEO Bill Bruno.

“We continue to emphasise our focus on the Celebrus software platform, with the primary deployment option being Celebrus Cloud. 

“As the upcoming financial year approaches, we are pleased with our ARR growth and revenue visibility; we will continue to invest accordingly to ensure we execute our strategy successfully.”

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