RE: Its Now or Never CLCO29 Jun 2020 19:32
Fri, 28th Jun 2019 07:00
RNS Number : 7329D
adept4 plc
28 June 2019
Adept4 plc
("Adept4", the "Group" or the "Company") Interim Results for the six months ended 31 March 2019
Adept4 plc (AIM: AD4), the AIM quoted provider of IT as a Service, today announces its unaudited interim results for the six months ended 31 March 2019.
Summary
· Revenue for the period of £4.2 million (H1 2018: £5.4 million);
· Trading Group EBITDA of £15,000 (H1 2018: £0.5 million);
· Loss for the period of £1.1 million (H1 2018: £0.8 million);
· Net debt at 31 March 2019 of £3.4 million;
· Significant reduction in costs at end of period following decision to focus more on existing customer base with less emphasis on new business generation;
· Return to modest levels of monthly Trading Group EBITDA profitability;
· Strategic review nearing conclusion.
Simon Duckworth, Non-Executive Chairman of Adept4, commented:
If we haven't progressed from the above, heads need to roll IMHO