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LONDON - IntelliAM AI plc (AQSE:INT), a software company specializing in AI and machine learning for manufacturing, reported its unaudited financial results for the twelve months ended March 31, 2025, showing significant growth in annual recurring revenue (ARR).
The company, which completed its IPO on the Aquis Exchange on July 3, 2024, raising gross proceeds of £5.08 million, saw its ARR increase from £60,000 to £810,000 during the reporting period.
Following the acquisition of 53 Degrees North Engineering Ltd for £5.187 million on July 4, 2024, IntelliAM reported revenue of £3.213 million for the nine months of trading as a combined group. This included £2.597 million from the Consulting Division and £617,000 from Platform and Platform services.
The company posted an adjusted EBITDA loss of £157,000 and an adjusted net loss of £136,000 for the period. Cash reserves stood at £2 million at the end of March 2025.
On the operational front, IntelliAM has onboarded over 60 enterprise sites to its platform since its IPO and signed a letter of intent with SKF, the world’s largest bearing and lubrication systems manufacturer. The company also expanded its client base to include Hovis and a global leader in beverage alcohol.
According to the company, its platform has demonstrated efficiency gains, with one customer improving Overall Equipment Effectiveness by 10% across an entire production line. Another customer scaled the platform across 35 production lines in six factories in less than three months.
Post-period, IntelliAM secured its first order in the USA for platform services and sensor supplies from a food manufacturer and entered into an agreement with US-based Connection Technology Center Inc to sell sensory hardware integrated with IntelliAM’s platform.
The company projects ARR growth to £2 million in the current fiscal year and expects revenue growth in the range of 75-90%.
This article is based on information from a company press release.
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