In a positive H1 trading update IndigoVision unveiled a fourth half year period of sequential top-line growth. As a result of revenues rising to $24.1m (+8% y/y) and cost rationalisation undertaken in the prior year, management expect to deliver positive half-year operating profits for the first time since 2014. The balance of net cash held by the group rose to $2.7m by the end of the H1 period (Dec-18: $2.0m). Current trading looks in-line with expectations, following similar seasonal H2 weight ....
11 Jul 2019
4th consecutive half of top-line growth
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4th consecutive half of top-line growth
In a positive H1 trading update IndigoVision unveiled a fourth half year period of sequential top-line growth. As a result of revenues rising to $24.1m (+8% y/y) and cost rationalisation undertaken in the prior year, management expect to deliver positive half-year operating profits for the first time since 2014. The balance of net cash held by the group rose to $2.7m by the end of the H1 period (Dec-18: $2.0m). Current trading looks in-line with expectations, following similar seasonal H2 weight ....