TENG28 Nov 2018 07:55
Significant competitive advantage is very encouraging so should do well
This has been an important year for Ten's development. Following our IPO, we have won new contracts with some of the largest global financial institutions, expanded into new regions, and we launched our enhanced proprietary digital platform. While the launch was later than planned, and has affected our revenue expectations, it is a world first in the concierge market and we believe that it creates significant competitive advantage for Ten. Although we are disappointed not to meet the Net Revenue expectations that we set at IPO, we are confident about our future success.