Elixirr shares were up 4.4% to 700p in early morning trading on Monday following the announcement of its 2021 results, which included a 67% increase in revenue to £50.6 million against £30.3 million in 2020.
Elixirr reported an adjusted EBITDA growth of 62% to £15.7 million compared to £9.7 million in 2020 and a pre-tax profit increase of 109% to £12.2 million against £5.8 million in 2020.
The business management consultant firm announced an adjusted diluted earnings per share increase of 58% to 24.2p compared to 15.3p in 2020.
The company also noted a net cash position of £31.8 million following its £17.5 million result in 2020.
Elixirr said that it expects a revenue of £70-75 and an adjusted EBITDA margin of 27-28% in 2022.
The group highlighted its operational accomplishments for 2021, including the acquisition of the Retearn Group in April, and its post period-end acquisition of iOLAP, which is set to add specialist data and analytics capabilities to the company and accelerate its US business growth.
The firm also noted an organic revenue growth of 35%, including 100% growth in its US business, alongside the addition of over 80 new clients and a 50% clientele repeat business rate.
“2021 has been another phenomenal year for Elixirr,” said Elixirr CEO Stephen Newton.
“We have stayed resolute in our commitment to provide a bespoke and high-quality service to our clients, all made possible by the dedication and talent of our teams.”
“This has contributed to our fantastic performance in the market this year and consistent growth since listing.”