IndigoVision has reported a y/e trading update, confirming strong EBITDA growth, in line with forecasts, meanwhile sales also grew by 9% - to $50m (vs. $52mE). Cash performance was in line - y/e net cash $2m vs. $2.5mE (ex Agora acquisition), implying FCF of c.$1m. FY19’s performance therefore positions IND strongly for FY20, where we expect a combination of both external tailwinds and internal reorganisation to provide continuing benefits. We therefore reiterate existing forecasts. IndigoVision ....
13 Jan 2020
In line y/e trading update
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In line y/e trading update
IndigoVision has reported a y/e trading update, confirming strong EBITDA growth, in line with forecasts, meanwhile sales also grew by 9% - to $50m (vs. $52mE). Cash performance was in line - y/e net cash $2m vs. $2.5mE (ex Agora acquisition), implying FCF of c.$1m. FY19’s performance therefore positions IND strongly for FY20, where we expect a combination of both external tailwinds and internal reorganisation to provide continuing benefits. We therefore reiterate existing forecasts. IndigoVision ....