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IN BRIEF: 7digital Reports Improved Performance In Second Half
7digital Group PLC - London-headquartered digital music and radio services platform - Confirms it has achieved operational profitability in the last quarter of 2020 and revenue in second half of the year up on the first, in line with management expectations.
"As a consequence of new contracts ramping up in 2021, clients increasing their usage of 7digital's platform and deals in the pipeline, the Board envisages receiving incremental revenues from these customers and expects to report substantial year-on-year revenue growth in FY 2021, resulting in operational profitability for the full year 2021," says 7digital.
Current stock price: 1.4 pence
Year-to-date change: up sharply from 0.17p
By Lucy Heming;Â lucyheming@alliancenews.com
Copyright 2020 Alliance News Limited. All Rights Reserved.
Latest 7DIG News
- TRADING UPDATE: Sabien Technology contract wins, Amaroq inks financing
28 Mar 2023 - TRADING UPDATES: Galantas to raise GBP1.2 million in private placement
1 Mar 2023 - 7digital backs GBP19 million buyout by music licensing firm Songtradr
8 Feb 2023 - UK shareholder meetings calendar - next 7 days
14 Dec 2022 - TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC
6 Dec 2022 - IN BRIEF: 7digital surges on three-year contract with Pinterest
19 Oct 2022 - LONDON MARKET MIDDAY: FTSE underwhelms as CPI puts spotlight on BoE
19 Oct 2022 - 7digital secures new contract with Pinterest
19 Oct 2022
Related News
TRADING UPDATE: Sabien Technology contract wins, Amaroq inks financing
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday not separately reported by Alliance News:
TRADING UPDATES: Galantas to raise GBP1.2 million in private placement
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
7digital backs GBP19 million buyout by music licensing firm Songtradr
(Alliance News) - 7digital Group PLC on Wednesday agreed to a GBP19.4 million takeover from music licensing company Songtradr Inc.
7DIG.L News
TRADING UPDATE: Sabien Technology contract wins, Amaroq inks financing
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday not separately reported by Alliance News:
TRADING UPDATES: Galantas to raise GBP1.2 million in private placement
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:
7digital backs GBP19 million buyout by music licensing firm Songtradr
(Alliance News) - 7digital Group PLC on Wednesday agreed to a GBP19.4 million takeover from music licensing company Songtradr Inc.
TRADING UPDATES: 7digital loan pact; Okyo Pharma files with SEC
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
IN BRIEF: 7digital surges on three-year contract with Pinterest
7digital Group PLC - London-based music licensing provider - Wins new, three-year contract with visual inspiration platform, Pinterest Inc. Says that ...
LONDON MARKET MIDDAY: FTSE underwhelms as CPI puts spotlight on BoE
(Alliance News) - London's FTSE 100 was struggling for direction on Wednesday at midday, underperforming European peers, while pressure on the Bank of...
7digital secures new contract with Pinterest
(Sharecast News) - AIM-listed 7digital said on Wednesday that it has secured a new contract with image sharing and social media website Pinterest.
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