Pathos Communications (AIM:NEWS), the AIM-listed PR technology business, delivered record unaudited monthly revenue of over $1.8m in July, extending momentum flagged in its half-year trading update on 27 July.
That update had already pointed to rising revenue, profits and cash receipts for the six months to 30 June, aided by proceeds from the company's IPO.
The July acceleration was driven by an enhanced sales team, which has lifted new client sign-up rates by 30% since it was established.
Management now says it is confident of at least meeting full-year market expectations, which stand at revenue of $14m and adjusted EBITDA of $4m.
"We continue to be focussed and disciplined in growing the business; we note the recent decline in share price and based on company trading and prospects know of no reason for it," said Omar Hamdi, founder and chief executive.
Pathos will provide its next update at interim results in September.
News Intelligence what this means for the company
Pathos Communications reported record monthly revenue of $1.8m in July, driven by a 30% lift in new client sign-ups from its enhanced sales team. The company reaffirmed confidence in meeting full-year guidance of $14m revenue and $4m adjusted EBITDA, extending the momentum from its H1 update that showed 14% revenue growth and an 80% year-on-year rise in cash receipts.
July's $1.8m monthly run-rate ($21.6m annualized) sits well ahead of the $14m full-year guidance, suggesting either conservative guidance or material upside if the sales acceleration sustains. The 30% lift in new client sign-ups is the operational lever; execution risk remains whether this cohort converts to the repeat-customer base that currently generates 36% of revenue.
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