nice29 Jan 2019 07:18
In our trading update of 11 January 2019, we reported continued commercial delivery through the end of the year on the back of a record third quarter performance for the Company. The Board now expects that reported revenues for the year ended 31 December 2018 will be in excess of $33m, up from $28.5m in 2017. With higher revenue as well as lower than planned costs, the Board expects that EBITDA and pre-tax profits will be significantly ahead of the upgraded market expectations for the year ended 31 December 2018. The year-end net cash position is expected to be $16.7m (2017: $9.5m) demonstrating the cash generative nature of the business.