Stonking Small Caps: a rising tide of revenue (Updated)
Cloud-based phone systems, offering the flexibility to work anywhere, have accelerated the need for robust secure cloud-based payments technology. Working with both public and private sector organisations, this rapidly growing business has delivered impressive revenue growth over the pandemic as it supports a large and rapidly changing sector, where security and compliance is paramount. It's yet another Stonking Small Cap which could go onto deliver attractive long term rewards for investors. The shares have fallen back along with the rest of the technology sector, but the latest trading update reassures that all is well.
This company's technology enables contact centres to process credit and debit card payments securely.
It may not occupy the most glamorous corner of the tech world and the business is currently loss-making, but its recurring Software as a Service (‘SaaS’) revenues are growing fast.
Given low customer churn, high gross margins and a relatively fixed cost base it looks to be rapidly closing in on cash flow break-even and profitability as you can discover here.
The Contact Centre…
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