Adam8 Mar 2018 07:26
I think with those results you can relax?
� Revenue increased by 278% to �13.6m (2016: �3.6m) reflecting the acquisition of Fredhopper, the addition of new clients, and service upgrades and renewals from existing clients.
� Gross profit increased by 203% to �9.4m (2016: �3.1m).
� Gross margin decreased to 69% (2016: 86%), due to the mix with Fredhopper's lower historic gross margin of 59%.
� Adjusted EBITDA (pre-exceptional) losses were �0.2m (2016: �1.6m), in line with management expectations. The business traded on an adjusted EBITDA (pre-exceptional) positive basis in the second half of the year.
� Cash at period end was �1.6m (FY2016: �1.2m). As of 28th February 2018 ATTRAQT had �2.0m cash as the normal working capital movements unwound following year end.