Revenue up 30%, users up37% orders up44%!16 Jul 2019 19:57
Could someone a little more informative than I suggest why what is perceived to be a fantastic RNS has resulted in a drop of 9% for this company today? Looking to invest but can't fathom the drop, am I missing something here?
Revenue up 30% vs H1 2018 with recurring revenue up 34%
· Users up 37% vs H1 2018 to just under 37,000*
· New orders received up 44% vs H1 2018, including the Company's first large enterprise deal
· In Q2, monthly net user growth exceeded the stated target of 1,000 per month
· US revenues now 40% of global recurring revenue
· US operations profitable and generating cash
· Terms agreed on a new £3m debt facility with Shawbrook Bank to replace current facility
· Available cash resources of £4.5m through a combination of its own cash, its new credit facility and its expected R&D tax credit