AOTI (AOTI) H1 2024 TU earnings summary

Executive summary

• Strong trading in Q2 offset slower start in January and February, leading to robust H1 performance.

• Confident in meeting market expectations for full year 2024, with revenue growth projected above 30%.

Financial highlights

• Expected H1 2024 revenue of approximately $26.3 million, up 26.5% from H1 2023 ($20.8 million).

• Net proceeds of £13.5 million (about $17.5 million) raised via AIM IPO in June 2024.

Outlook and guidance

• Anticipates greater than 30% revenue growth for full year 2024.

• Confident in meeting market expectations for the year.

• Unaudited interim results for H1 2024 to be reported on 16 September 2024.