17 January 2017 – trading update
The company has released a trading update covering the six months ended 31 December 2016. Overall revenue was up 17% to approximately £15.0m (2016: £12.9m). EBITDA was in line with market expectations and on track for full year forecasts. Monthly recurring revenues from dotmailer’s SaaS based usage was up approximately 22% to £12.2m (2016: £10.0m). Average revenue per client has grown by 24% from £525 to £650 per month. The cash balance at 31 December 2016 was £18.9m versus £14.8m a year earlier. The business has clearly been doing well but the share price is well up with events. Those who have not already done so should TAKE PROFITS.