Today’s update notes that whilst revenue will be lower than expectations, the profit after tax will be considerably better than forecast. This is in part a result of higher margins (more software-based sales in the mix coupled with lower costs) as well as some material R&D tax credits in the year; likely far better than the £270k we were expecting. The statement also makes reference to some strong cash generation during the period leaving the business in a “healthy” net cash position. We are mak ....
12 Feb 2019
Morning Comment
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Morning Comment
Touchstar plc (TST:LON) | 87.5 0 0.0% | Mkt Cap: 7.18m
- Published:
12 Feb 2019 -
Author:
WHIreland Research Team -
Pages:
4
Today’s update notes that whilst revenue will be lower than expectations, the profit after tax will be considerably better than forecast. This is in part a result of higher margins (more software-based sales in the mix coupled with lower costs) as well as some material R&D tax credits in the year; likely far better than the £270k we were expecting. The statement also makes reference to some strong cash generation during the period leaving the business in a “healthy” net cash position. We are mak ....