Lombard Risk Investors’ Centre

Lombard Risk Management plc is listed on the London Stock Exchange: ticker code “LRM”. Obtain stock pricing now, or if you wish to receive information relating to investment in the firm, please email investorrelations@lombardrisk.com.

Alastair Brown, Chief Executive Officer, and Nigel Gurney, Chief Financial Officer, Lombard Risk discuss the firm’s full-year results for the year to the end of March 2017 with Proactive Investors.

Annual Report 2017

Annual Results

Highlights of results for the year ended 31st March 2017

Revenue increased by 44.8% to £34.3m (2016: £23.7m)

Recurring revenue grew 21.0% to £12.4m (2016: £10.2m), representing c. 36.0% of revenue (2016: 43.1%) 

Adjusted EBITDA increased to £2.6m (2016: £2.1m)

Loss before tax of £1.6m (2016: £2.2m)

Cash and cash equivalents at 31 March 2017 of £7.0m (31 March 2016: £3.3m)

Capitalised R&D of £7.5m (2016: £5.9m)

Adjusted EBITDA, excluding capitalisation of R&D, of negative £4.9m (2016: 3.8m)

Loss before tax, excluding capitalisation of R&D, of £5.6m (2016: £4.4m)

Launched AgileCOLLATERAL® to deliver the power of COLLINE® as flexible cloud-based solution

Announced strategic alliance with Atos

Opened state-of-the-art technology development centre in Birmingham

Raised £7.9m (net) through a placing and open offer to invest in our products and technology delivery capabilities

Secured £4m revolving loan facility agreement with Barclays Bank

Interim Report 2016

Interim Results

Highlights of results for the six months ended 30 September 2016

Record first-half revenue of £15.2m (2015: £10.8m), up 41.2%

Order book of contracted revenue at £9.2m (2015: £6.8m)

Annually recurring revenue up 22% to £6.1m (2015: £5.0m)

Sales for the period up 58% on the previous year, with software licence sales up 106%

EBITDA of £1.5m (2015: £0.5m)

Loss before tax of £0.1m (2015: loss of £1.8m)

Loss per share of 0.05p (2015: loss per share of 0.66p)

Cash at period end of £6.9m (2015: £2.7m) with no debt (2015: £Nil)

Equity placing to raise £8.0m completed in June 2016 and Open Offer raising £0.3m completed in July 2016

Launch of cloud-based collateral management system, AgileCOLLATERAL™

Investment in state-of-the-art Birmingham offices allowing critical development to be completed on-shore

Two new clients for AgileREPORTER® for OFSAA


AIM Rule 26

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