Aquis Exchange PLC (LSE:AQX)
£ 6.975 0 (0%) Market Cap: 157.17 Mil Enterprise Value: 145.39 Mil PE Ratio: 38.75 PB Ratio: 5.38 GF Score: 78/100
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Half Year 2024 Aquis Exchange PLC Earnings Call Transcript

Sep 12, 2024 / 08:30AM GMT
Release Date Price: £3.78 (-1.31%)

Key Points

Positve
  • Aquis Exchange PLC (LSE:AQX) reported a 4% increase in net revenue, reaching GBP10 million.
  • The company saw a 17% growth in data revenues, attributed to price increases and new charges for members.
  • Aquis technologies division has a strong contract pipeline, with more than half of potential customers being national exchanges or central banks.
  • The company has increased its market share to 5.2% following a rule change.
  • Aquis Exchange PLC (LSE:AQX) maintains a strong cash position with GBP14.5 million, supporting strategic investments without needing external funding.
Negative
  • Operating costs increased from GBP8 million to GBP8.4 million, reflecting ongoing investments.
  • A historical contract for a startup exchange will not be renewed, impacting future revenue forecasts.
  • The primary market for IPOs remains challenging, affecting the Aquis Stock Exchange division.
  • The company's stock remains illiquid, with limited retail investment and trading volatility concerns.
  • The technology sales division faces competition from established players like Nasdaq and the London Stock Exchange.
Operator

Good morning and welcome to the Aquis Exchange PLC Interim Results Investor Presentation. (Operator Instructions) The company may not be in a position to answer every question received in the meeting itself. However, the company can review all the questions submitted today and publish responses where it is appropriate to do so. Before we begin, I'd like to submit the following poll.

I'd now like to hand over to Alasdair Haynes, CEO. Good morning to you, sir.

Alasdair Haynes
Aquis Exchange PLC - Chief Executive Officer, Executive Director

Good morning. Good morning, everybody, and a very warm welcome to you. I am Alasdair Haynes, the founder and chief executive of Aquis Exchange PLC, and I'm joined here today with our CFO, Richard Fisher.

Richard Fisher
Aquis Exchange PLC - Chief Financial Officer, Executive Director

Good morning, everyone.

Alasdair Haynes
Aquis Exchange PLC - Chief Executive Officer, Executive Director

I would like to begin the presentation

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