Warehouse software and automation systems specialist, Breathe Technologies has increased revenues with emphatic Q1 results.
A strong start to the year was driven by robust project delivery quickly realising revenue into the business, particularly its recurring revenue from its AI powered software platform and buoyant sales order growth, more than doubling the best results in the previous 3 years, whilst gross Profit remains steady.
Based at Sci-Tech Daresbury, Breathe Technologies play a critical role in warehouse automation and software systems in an era of high labour costs, property shortages and supply chain uncertainty. Breathe Technologies innovative approach grounded in extensive automation and software expertise has seen revenue growth from its current customer base as well as new customer acquisitions.
Highlights from the quarter include increased ARR from its AI powered software platform Orquestr8, and the launch of the PICK optimisation module deployed by a global 3PL for one of their flagship clients. The recognised potential of the product to transform productivity gains in the picking process is reflected by recognition as a Tech Climber in the Liverpool City Region awards and further funding from Innovate UK with “Bridge AI”, empowering UK businesses in high-growth sectors, in driving productivity and economic growth through the adoption of Artificial Intelligence.
Looking ahead CEO, David Carroll commented ‘this is a positive and exciting start to the year for Breathe, we are showing through our technology and partnerships that we’ve extended the reach of our software and automation solutions which really make a difference. Our automation performance has always been strong, however the recent development of Orquestr8 supported by partners such as the Hartree Centre and Innovate UK “Bridge AI”, have increased the “Speed to value for our clients”.
Currently the business is on track to hit its second quarter revenue and profitability target by some margin. Our growth can in large part can be attributed to the commitment and strengthening of the team, with new appointments in key areas and the reorganising of the senior team. A new look senior management team/Associate board are gaining traction and driving the business forward. Our Strategy will be to continue to expand the investment in our software offering enabling us to target new verticals as well as within the warehousing sector.’