RE: RE: RNS - Good news18 Oct 2021 09:36
Paul Langworthy, CEO of 7digital, said: "This enlarged credit facility provides low-cost capital that will satisfy our cash requirements as we transition to becoming EBITDA positive. As we stated in our interim results, we have new contracts representing significant revenue that are just awaiting signature. While this is taking longer than originally anticipated, we expect they will be finalised in the near-term and enable us to generate positive EBITDA for the full year of 2022. I would like to thank Investec as well as our significant shareholders for their continued support as we look to build a sustainable platform for growth.