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LoopUp sees FY earnings and revenue growth

Mon, 08th Feb 2021 10:05

(Sharecast News) - Cloud communications provider LoopUp Group said on Monday that both revenues and underlying earnings were expected to have grown year-on-year.
LoopUp confirmed that it expects revenue for the year ended 31 December 2020 to be approximately £50.2m and underlying earnings were pegged to be approximately £15.3m, up from £42.5m and £6.4m, respectively.

The AIM-listed group, which vowed to provide more details on recent trading when it announces its preliminary results on 23 March, also highlighted that it had ended the year with gross cash of £12.1m, up from £3.0m at the same time a year earlier, and had reduced net debt to £700,000 from £11.5m.

As of 1000 GMT, LoopUp shares were flat at 78.0p.
More News
18 Jan 2019 07:53

LoopUp signs three-year contract renewal with Clifford Chance

(Sharecast News) - Remote meetings technology provider LoopUp Group has signed a material contract renewal with global law firm Clifford Chance, it announced on Friday.

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26 Oct 2018 11:26

DIRECTOR DEALINGS: LoopUp Chairman Buys GBP30,000 In Shares

LONDON (Alliance News) - LoopUp Group PLC said Friday Non-Executive Chairman Barbara Judge bought 9,000 shares in the remote meeting solution firm.Judge acquired the shares at 330.5 pence a

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26 Sep 2018 11:37

LoopUp Acquisitions Boost Interim Revenue Though Loss Widens

LONDON (Alliance News) - LoopUp Group PLC on Wednesday said it swung to a loss in the first half of 2018, but revenue rose on acquisitions and increased demand for its products.The remote a

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26 Sep 2018 08:19

Loopup's revenues dialed up after MeetingZone acquisition

(Sharecast News) - LoopUp Group reported a jump in first-half revenue on Wednesday after the company scaled up its operations with the £61.4m acquisition of MeetingZone.

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14 Aug 2018 12:17

LoopUp Expects Revenue Growth And Higher Cost Savings In First-Half

LONDON (Alliance News) - LoopUp Group PLC on Tuesday lifted its annual savings expectations and said it intends to report an increase in revenue for the first half of 2018, helped by its recent of

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14 Aug 2018 09:41

LoopUp revenues boosted by MeetingZone acquisition

(Sharecast News) - Remote meetings company LoopUp saw group revenues rise more than a third in the first half of its trading year, boosted by the group's recent acquisition of MeetingZone.

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16 May 2018 14:08

LoopUp To Raise GBP50.0 Million Via Placing To Buy MeetingZone (ALLISS)

LONDON (Alliance News) - LoopUp Group PLC said on Wednesday it will raise GBP50.0 million through a share issue to fund its GBP61.4 million acquisition of Warwick Holdco Ltd, the holding company a

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6 Mar 2018 10:43

LoopUp Swings To Profit Driven By Strong Growth In Revenue And Margins

LONDON (Alliance News) - LoopUp Group PLC on Tuesday reported robust performance during 2017 as swung to pretax profit of GBP729,000 compared with loss in call

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18 Jan 2017 08:41

LoopUp's revenue jumps nearly 40%

(ShareCast News) - Shares rose in LoopUp Group as the remote meetings company profit announced it has traded ahead of expectations as revenue jumped 39%. Revenue grew 39% to £12.8m in the year ended 31 December 2016, which was up three percentage points from the previous year, and the company remain

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18 Jan 2017 08:41

LoopUp's 2016 Results Beat Its Expectations, 2017 Looking Strong

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30 Sep 2016 11:35

DIRECTOR DEALINGS: Chairman Buys Shares As LoopUp Swings To Profit

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