Cloudified Holdings Reports £1.41m Loss, Plans Media Sector RTO
Why we think this is neutral
While Cloudified Holdings has successfully raised £500,000 at a premium and has a clear strategy for entering the media and events sector, the company is currently a cash shell with suspended trading on AIM. The reduced annual loss and healthy cash position are positive factors, but the disposal of the main cyber security business and the execution risks associated with the planned RTO balance these out. The company's future potential is promising, but the current transition phase and associated uncertainties warrant a cautious outlook.
Key Points
- Annual loss reduced to £1.41m from £2.55m in previous year
- £500,000 raised at 131% premium to last share price
- Cash balance of £674,210 as of December 2024
- Transition from cyber security to media and events sector
- Planned Reverse Take Over (RTO) expected in Q2 2025
- New board members with relevant sector expertise
- Currently a cash shell with suspended AIM trading
Summary
Cloudified Holdings, a former cyber security provider turned cash shell, has reported its final results for the year ended 31 March 2024. The company recorded a reduced loss of £1.41m, down from £2.55m in the previous year. Key developments include:
- £500,000 raised at a 131% premium to the last share price
- Cash balance of £674,210 as of 31 December 2024
- Focus on acquiring a media and events asset in Q2 2025
- New board members with significant sector and corporate finance skills
The company has transitioned to a Rule 14 cash shell following the disposal of its cyber security division in December 2023. While currently suspended from trading on AIM, Cloudified is actively working towards a Reverse Take Over (RTO) in the media and entertainment sector, expected to complete in Q2 2025. This strategic pivot, coupled with the recent fundraising and strong cash position, positions the company for potential growth, albeit with execution risks associated with entering a new sector.