We have announced the final results for our first year as a publicly trading company, and are pleased to report a strong exit to the year with highly positive increases in revenue and profit lines.
Overall revenue increased to 41%, with gross profit growing by 90% year on year, reflecting our strong institutional sales performance.
Having listed on AIM in November of last year, Beeks has since continued to grow organically, significantly growing our number of institutional clients, our geographic locations and the scope of asset classes that we now serve.
We now have presence in 11 data centre locations, including Singapore SGX in order to expand our offering to our Asian client base.
We have continued to take on projects in alternative asset classes, by providing connectivity to Gemini Exchange and IEX Exchange in the NY4 data centre. This has allowed us to begin serving clients trading in cryptocurrencies and equities, developing our capabilities and our client base.
We have also invested in our own resources, by adding staff to our growing technical teams as well as appointing an experienced Commercial Director to grow our sales presence. We have opened a London office in order to be better placed for face-to-face presence with our many existing and potential clients in London.
Gordon McArthur, CEO, commented: “I am delighted to report on a first successful year as a publicly trading company, delivering good levels of profitable growth against the strategy outlined at the IPO. I believe we’ve strengthened our competitive positioning through our geographical expansion and the increased breadth of our offering, growing the capabilities with which we can serve clients. We are just scratching the surface of the different financial asset classes that Beeks now operates in, and I’m excited about the opportunities this opens up for us going forward.”