24 May 2017

Actual Experience plc
(the "Company" or "Actual Experience" or “Actual”)

UNAUDITED CONSOLIDATED INTERIM RESULTS
for the six months ended 31 March 2017

Actual Experience plc (AIM: ACT), the analytics-as-a-service company, is pleased to announce its unaudited consolidated interim results for the six months ended 31 March 2017.

Financial Highlights

  • Revenue of £192,882 (31 March 2016: £483,635) which reflects a continuing move away from legacy direct sales and also the non-recurrence of initial channel partner development work
  • Operating loss of £3,825,169 (31 March 2016: loss of £2,608,449) reflecting additional investment in product development and partner support
  • Loss per share of 9.44p (31 March 2016: loss per share of 6.62p)
  • Placing with existing and new institutional holders raising £17.5 million before expenses
  • Cash balance at 31 March 2017 (including cash on long term deposit) of £22,624,500 (30 September 2016: £9,415,886) including net proceeds of Placing received just prior to period end

Operational Highlights

  • Signing of fourth multi-year channel partner framework agreement, a three year agreement with Proquire, the procurement arm of Accenture plc
  • First order from a channel to begin production roll-out of a major customer
  • Net proceeds of Placing will be used primarily for technology development and support capabilities to maximise opportunities within existing channel partners

Dave Page, CEO of Actual Experience, commented: "The pipeline of opportunities within our existing channel partners confirms our belief that we are well on our way to building a business of scale. We were delighted with the response to our fund raising at the end of February from both existing and new shareholders which will enable us to maximise these opportunities.”

Enquiries:

Actual Experience plc
Dave Page, Chief Executive Officer
Steve Bennetts, Chief Financial Officer
via Alma PR
N+1 Singer Advisory LLP
Shaun Dobson
Lauren Kettle
Tel: +44 (0)207 496 3000
Alma PR
Josh Royston Tel: +44 (0)7780 901979
Robyn Fisher Tel: +44 (0)7540 706191

About Actual Experience

Actual Experience’s analytics provide the digital Voice of the Customer. This is a real-time, data-driven view of what end users would say about the quality of a company’s digital products and services, and why. Our customers can analyse everything that impacts the experience quality in their digital supply chains, for any service, type of user or the Internet of Things. It gives them complete transparency from the point of provision to the point of use and whether inside or outside their business’s control. The insights can be used to make continuous improvements to their business performance.

Actual Experience is listed on the AIM market of the London Stock Exchange (ACT). Our development headquarters are in Bath, UK, and we have sales staff based out of London, New York, Washington DC and Atlanta. Actual Experience’s unique digital analytics as a service is founded on ten years of cutting-edge research at Queen Mary University of London.

www.actual-experience.com

Download the full Interim Results

Interim Results to 31 March 2017

Wednesday, 24 May 2017