Toople PLC Annual Financial Report (0635C)
17 January 2018 - 6:00PM
UK Regulatory
TIDMTOOP
RNS Number : 0635C
Toople PLC
17 January 2018
17 January 2018
Toople Plc
("Toople" or the "Company" or the "Group")
Final Results
Publication of Annual Report
Toople Plc (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, is pleased to announce its final results for the year
ended 30 September 2017.
Highlights:
-- Revenue for the year to 30 September 2017 increased by 34% to
GBP1,281,172 (2016: GBP957,749)
-- Operating losses decreased by 23% to GBP1,313,987 (2016: GBP1,714,559)
-- Gross margins increased by 4.3%
-- Customer order number grew by 300%
o Average conversion rate of 43% against all leads generated
-- Net growth month-on-month in customer base
o All with contracted annualised recurring revenue
-- Industry leading customer experience scores
o Trustpilot(R) reviews continue to demonstrate Toople
outperforming the market
Post period highlights:
-- The Company has transitioned from a third part sales agency
to its own in-house, dedicated sales office
-- Toople continues to achieve an average customer satisfaction
score in excess of 8 out of 10 via Trustpilot(R)
-- Adrian Andrews was appointed as Chief Financial Officer,
taking over from Geoff Wilson (Interim CFO)
Andy Hollingworth, CEO, Toople Plc, said, "The Company's
performance thus far has been very positive, with consistently
increasing customer numbers, new product launches and high customer
satisfaction scores. These results show that we have made
significant progress towards realising our strategic ambition of
becoming the UK's leading provider of bespoke telecom services to
UK SMEs.
Performance during the year has been encouraging. The Directors
are pleased to see the Toople brand establishing itself, the
customer base growing and the number of Revenue Generating Units
per customer increasing. The Toople brand and its associated values
is now successfully launched in the market and the Board believes
this will generate continued growth in 2018.
My thanks go to customers, shareholders and, most important, the
team here at Toople for what has been achieved so far. The Board
looks forward to 2018 as an exciting period of further
success."
A copy of the Annual Report will be posted on the Company's
website: www.toople.com.
An electronic version has been submitted to the National Storage
Mechanism which will shortly be available for inspection at
http://www.morningstar.co.uk/uk/NSM.
Notice of the Company's Annual General Meeting will be sent to
shareholders in due course.
- ENDS -
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of the Group is Adrian Andrews, Chief Financial Officer
For further information:
Toople PLC
Andy Hollingworth, 0800 0499
Chief Executive Officer 499
Adrian Andrews, Chief
Financial Officer
Hybridan LLP
Claire Louise Noyce 020 3764 2341
Darshan Patel 020 3764 2345
This information is provided by RNS
The company news service from the London Stock Exchange
END
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