25 September 2018 – trading update
The company has confirmed that performance for the first half is expected to be in line with management expectations. Revenue should be up by approximately 50% from the same period a year earlier to between US$170m and US$180m (2018: US$114.5m). Adjusted EBITDA should be between US$19m and US$21m (2018: US$3.1m). Mark Zorko has also been appointed as Chief Financial Officer. The share price is somewhat volatile but is half way between the year high and low so we keep our BUY rating.