KRM22 PLC Announces New Customer Contracts and ARR Update

KRM22 PLC has signed two new three-year contracts for its Risk Manager application, valued at a total of US$1.3 million, with one being from an existing customer and the other from a new client. The company also reported the termination of a contract for its Surveillance Manager application, which had an Annual Recurring Revenue (ARR) of £0.2 million, bringing the total ARR to £8.5 million. CEO Dan Carter highlighted that these new contracts demonstrate ongoing demand for the company's risk solutions.