from update3 Feb 2016 09:39
The Board is pleased to report that the Group continued to make good progress in the final quarter of 2015. Results are expected to show that Group has achieved a key target for the year by being adjusted EBITDA breakeven, and the Group closed the year with a cash balance of £7.0m, which is ahead of expectations.
A strong pipeline of future opportunities provides good visibility of 2016 business and the Group is benefitting from a healthy opening order book, qualified frameworks and pull-through from existing customers. From this position, the Board is confident that the Group can continue its progress this year.