ActiveOps is expanding its marketing team to boost growth.
- The firm saw profitability rise in the year’s second half.
- Expectations are for increased top-line growth by late 2025.
- Revenue for six months rose by 10% to £14.3m.
- Shares dipped despite a 16% annual increase.
ActiveOps is undertaking a strategic expansion of its marketing team to enhance growth in upcoming months. The company, based in Reading, specialises in AI-powered data analytics aimed at healthcare and financial services sectors. This planned expansion involves new hires across the UK, South Africa, and North America, with additional investments in Canada anticipated in the year’s second half.
Executive Chair Richard Jeffery expressed confidence in the company’s capital strength, stating, “We’re not constrained by our capital in terms of our ability to grow, which is a great place to be.” This expansion follows a complete re-platforming of their core technology four years ago, elevating their capacity to engage with new AI developments.
In the financial results published on Thursday, ActiveOps reported a significant increase in its revenue, which rose by 10% to £14.3 million for the half-year ending 30th September. Notably, pre-tax profits saw a remarkable fourfold rise to just under £500,000.
Despite this positive financial performance, shares in ActiveOps, listed on the AIM market, experienced a decrease of 10.8%, settling at 113.7 pence by the end of trading in London. However, the value of the stock has seen an increase of approximately 16% since the start of the year.
ActiveOps currently employs nearly 200 individuals globally, with offices established in countries such as the UK, Ireland, USA, Canada, Australia, India, and South Africa.
ActiveOps is positioning itself for substantial growth, leveraging strategic investments and a robust financial foundation.
