TIDMATQT

RNS Number : 7278P

ATTRAQT Group PLC

21 October 2021

21 October 2021

Attraqt Group plc

("Attraqt" or the "Company")

Trading Update

Attraqt Group plc (AIM: ATQT), a leading provider of online search, merchandising and personalization solutions for ecommerce, is pleased to provide the following trading update covering the three-month period ended 30 September 2021 (Q3 FY21).

Pleasingly, following the progress made both financially and strategically in H1 2021 the Company has seen momentum continue into the second half of the financial year.

In Q3, the Company secured almost GBP1m worth of ARR through new contract wins, facilitated by AI Search, with a leading international jewellery firm, a luxury & designer watch shop, and a major FTSE 250 listed retailer. This further demonstrates the increasingly competitive nature of Attraqt's product set and its ability to capitalise on the structural shift of retailers and brands prioritising investment in online channels, customer experience and platform optimisation.

The Company's partnership strategy, a major strategic focus, has continued to deliver strong results. Following the native integration with BigCommerce in September, the Company has seen a number of native integrations go live through this channel. This enables any Big Commerce merchant to deploy Attraqt's search and merchandising tools along with recommendations and personalisation to their storefront without any integration effort.

The Board expect that the Full Year performance will be in line with expectations.

Mark Adams, CEO of Attraqt commented:

"The continued momentum that we have seen in Q3 coupled with the investment in our product is enhancing our competitiveness as well as improving our ability to retain and build revenues in our customer base. This provides the Board with further confidence that there are significant opportunities for growth for Attraqt.

We will continue to implement our strategy to address the mid-market growth opportunity with deep integrations to ecommerce platforms in order to reach our vision to be the number one team and growth engine for our customers; powering the world's best product discovery experiences, wherever and whenever they happen."

For further enquiries please contact:

 
 Attraqt Group plc                                 Via Alma PR 
 Mark Adams, CEO 
  Eric Dodd, CFO 
 Canaccord Genuity (Nominated Adviser) 
  Simon Bridges 
  Adam James 
  Thomas Diehl                             +44 (0)20 7523 8000 
 Alma PR                                   +44 (0)20 3405 0205 
 Susie Hudson                             attraqt@almapr.co.uk 
  Sam Modlin 
  Molly Gretton

About Attraqt Group plc

Attraqt enables online retailers and brand owners to maximise the performance and potential of their e-commerce investments by enabling best in class product discovery experiences. The Company delivers omnichannel search, merchandising, and product & content personalization for online retailers and brands. Our vision is to be the number one team and growth engine for our customers; powering the world's best product discovery experiences, wherever and whenever they happen.

For more information visit www.attraqt.com

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October 21, 2021 02:00 ET (06:00 GMT)

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