RNS - Still on track for EBITDA break-even Q1 202020 Dec 2019 10:56
302 headsets currently in place and based on our visible pipeline, we expect to see a significant acceleration in new installation activity as we go into the New Year. We believe that our existing estate, combined with expected headset installations, will result in an installed base that should deliver monthly underlying EBITDA breakeven (based on our forecasted operating costs) by or around the end of Q1 2020.
This is great news and a positive update that all is on track, I know a number of people doubted if this could be achieved in such a short time following the change to a greater focus on the partnership model. Some big clients added and increasing their footprint.
Onwards and Upwards, topped up at around 6.2p, see this as a LTH and I believe that it will deliver great rewards.