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Cornerstone FS PLC - London-based cloud-based payment services provider - Expects to report revenue of £2.3 million for 2021. This would represent growth of 38% against the previous year's figure of £1.7 million. Says this strong momentum has continued into the first quarter of 2022, with underlying revenue growth across the business. Revenue in the first quarter totals £946,000, which it says is its highest ever quarterly revenue. Cites the contribution from the group's Asia team as a driver of growth, particularly relating to its gross margin which it says increased to 52% from 30% in 2021.
Cornerstone expects to announce full-year results in June.
Current stock price: 19.05 pence, up 8.9% in London
12-month change: down 67%
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