Looking forward to Final Results10 Jul 2024 12:31
I’m looking forward to the Final Results presentation.
It has been a slow ship to turn but it looks to be making good headway now.
Revenue:
H1 = £4.9m including backlog from FY22.
22/04/24 trading update - Expected to be £9.8m at YE, implying H2 = £4.9m without any backlog included, signifying continued growth.
Profit:
H1 - £3.1m gross
22/04/24 trading update - Expected to exceed £6m at YE
EBITDA:
H1 – 0.0
22/04/24 trading update - Expected to be positive
This all reads to me to be a company that has turned a corner and is on the way to profitability (at last).
There is the ongoing DHSC dispute, obviously. I don’t think anyone can really predict where that will land. A great outcome would obviously be something paid to CNSL, a good result, which is where I think (and it's purely my opinion) it will land, would be having it written off by DHSC, and obviously a bad result would be CNSL having to pay.
The company do seem confident they have a strong case for a great outcome. Time will tell.
There were some interesting updates provided in last years and interim presentations, that would be good to hear updates on:
New tech for printing to further improve efficiencies.
Updates expected on new location, with just a year to run on the current location lease.
Growth in US?
New territories?