WHAT IS CHECKIT SOFTWARE FULL
WHAT IS CHECKIT SOFTWARE SOFTWARE

Having been the first in-market 17 years ago, Edison now has more than 100 analysts covering every economic sector. By focusing on the volume and quality of investors reached - across institutions, family offices, wealth managers and retail investors - Edison can create and gauge intent to purchase, even in the darkest pools of capital, and then make introductions via non-deal roadshows, events or virtual meetings.

WHAT IS CHECKIT SOFTWARE FULL

Key triggers to help Checkit attract a multiple more in line with SaaS peers include evidence that customers are signing up to use its software, existing customers are expanding their usage and non-recurring revenues are being converted to subscription services.Ĭlick here to view the full report or here to sign up to receive research as it is published.Īll reports published by Edison are available to download free of charge from its websiteĪbout Edison: Edison is a leading research and investor relations consultancy, connecting listed companies to the widest pool of global investors. If Checkit were to trade on the UK average for FY23e, it would be worth 70p per share.

WHAT IS CHECKIT SOFTWARE SOFTWARE

On an EV/sales multiple of 1.6x for FY22e and 1.9x for FY23e, Checkit trades at a significant discount to the UK software sector (5.4x current year sales, 4.2x next year sales) and US SaaS peers (16.0x CY, 12.3x NY sales). In our view, consistent growth in recurring revenues and an expanding customer base should help to reduce the valuation discount to software peers. Net proceeds of £20m from the recent placing will be used to accelerate growth plans, with the US a particular focus. Checkit is focused on driving adoption of its software and over the last year has invested to support its shift to a pure SaaS business model. Checkit (CKT): SaaS software for the deskless workforceĬheckit's SaaS platform is designed to bring visibility to the operations of businesses with dispersed, deskless workforces.

What is checkit software