PCIP has issued a positive 3Q update, revealing that the strong trading performance in 1H22 continues through 2H with all KPIs ahead of management expectations and net cash growing to £6.4m in March (Dec21: £5.5m). In response, we lift our FY22 and FY23 revenue forecasts and expect a significantly reduced loss this year; in FY23, the higher contribution will likely be offset by some rising overheads (wages and insurance). We also firm-up our previously tentative FY24 forecasts with significantly ....
26 Apr 2022
PCI Pal - 3Q update sees forecast upgrades and profit in FY24
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PCI Pal - 3Q update sees forecast upgrades and profit in FY24
PCI-PAL PLC (PCIP:LON) | 65.0 0 0.0% | Mkt Cap: 46.8m
- Published:
26 Apr 2022 -
Author:
Cavendish Research -
Pages:
9
PCIP has issued a positive 3Q update, revealing that the strong trading performance in 1H22 continues through 2H with all KPIs ahead of management expectations and net cash growing to £6.4m in March (Dec21: £5.5m). In response, we lift our FY22 and FY23 revenue forecasts and expect a significantly reduced loss this year; in FY23, the higher contribution will likely be offset by some rising overheads (wages and insurance). We also firm-up our previously tentative FY24 forecasts with significantly ....