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2024-01-05 16:56 RNS Number : 9952E Craneware plc 13 July 2021 Trading Update and Notice of Results Craneware plc ( " Craneware " or the " Company " or the " Group " ) Trading Update and Notice of Results Strong Trisus adoption and acquisition of Sentry provides positive basis for accelerated growth 13 July 2021 - Craneware ( AIM : CRW.L ) , the market leader in Value Cycle solutions for the US healthcare market , is pleased to provide an update on trading for the year ended 30 June 2021 ( FY21 ) . The positive sales momentum experienced in the first half of the year continued into the second half , with the Board expecting to report an increase in New Sales of approximately 40 % to over $ 42m ( FY20 : $ 30.4m ) . In accordance with Craneware's revenue recognition policy , the majority of the revenue resulting from both new sales and existing contract renewal will be recognised over future periods , providing the Group with long term visibility of revenue under contract . Total Revenue and adjusted EBITDA for the year is expected to have increased by greater than 5 % and 6 % respectively ( FY20 : Revenue $ 71.5m : adj . EBITDA $ 25.2m ) . The Group's customer retention rate has remained above 90 % , building the foundation for a return to double - digit organic growth in the future . EUROLAND.com Craneware continues to invest in the expansion of its cloud - based Financial and Operational performance platform , Trisus , and capitalisation of R & D costs have been maintained at broadly the same levels as in prior years . The success of this investment has seen 900 current customers migrate to products on the Trisus platform . Close https://tools.eurolandir.com/tools/Pressreleases/GetPress Release / ? ID = 4120356 & lang = en - GB & companycode = uk - crw & v = Supplied by Ⓒ Terms of Service | Cookie Policy 1/4