19 April 2018 – trading update
The group has issued a very positive trading update for the financial year ending on 31 March 2018 with revenues for the year expected to be over 70% higher at $255m and adjusted EBITDA forecast to be up over 900% at $14.0m. Net cash at the end of the year is expected to be in the region of $26m and this is after paying out some $26.5m for the YuMe acquisition. This is clearly an encouraging statement and the company expects to build on these results in the current financial year which will also see the full benefit of the purchase of YuMe. The shares remain a BUY.