{
  "id": 10380043,
  "title": "Checkit reports first-half profit, ends formal sale process",
  "url": "https://urgent.news/2026/09/28/checkit-reports-first-half-profit-ends-formal-sale-process",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T06:06:45.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/company-news/checkit-reports-firsthalf-profit-ends-formal-sale-process-93CH-4919369"
  },
  "original_language": "en",
  "account": "London - Checkit plc announced a first-half profit and the termination of a formal sale process on Monday. The company reported adjusted EBITDA of £0.3m for the six months ending July 31, 2026, compared to a loss of £0.9m in the previous year period. Revenue increased to £6.3m, up 3% from £6.1m a year earlier. Recurring revenue grew 4% to £6.1m, representing 97% of total revenue. Annual recurring revenue from continuing operations rose 5% to £12.8m from £12.3m. New bookings reached £0.7m, while customer churn decreased to £0.5m. The company retired a legacy product, removing £1.6m of ARR and approximately £0.7m of annualized costs, allowing it to focus on a single cloud-based platform. Cash generated from continuing operations was £0.3m, compared to a £2.3m outflow the previous year, and cash stood at £2.9m. The medical sector accounted for 71% of revenues, with the board targeting net revenue retention of 105-110% and gross revenue retention above 95%. The company is working on unifying its medical and retail technology platforms, with a target completion date of October 2026 for next-generation medical monitoring.",
  "summary": null,
  "key_points": [
    "Checkit plc reported a first-half profit of £0.3m adjusted EBITDA.",
    "Revenue increased to £6.3m, up 3% year-over-year.",
    "The company terminated a formal sale process."
  ],
  "editors_take": "Checkit's return to profit and termination of the sale process signals a strategic shift towards platform unification and growth, while retiring legacy products and reducing costs.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}