IndigoVision announced solid FY’19 results highlighting a 6th consecutive half year of topline growth, improved profitability, and materially stronger than forecast cash generation ($3.6m; N1S: $1.8m). Strong cost control and tight cash-flow management have led to a much higher year end net cash figure than forecast ($2.2m; N1S: $0.4m), and we push up FY’20E net cash forecasts to £3.9m (was $1.1m) although P/L forecasts remain broadly unchanged. The Group also announced its updated ‘IndigoVision ....
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Strong cash performance
IndigoVision announced solid FY’19 results highlighting a 6th consecutive half year of topline growth, improved profitability, and materially stronger than forecast cash generation ($3.6m; N1S: $1.8m). Strong cost control and tight cash-flow management have led to a much higher year end net cash figure than forecast ($2.2m; N1S: $0.4m), and we push up FY’20E net cash forecasts to £3.9m (was $1.1m) although P/L forecasts remain broadly unchanged. The Group also announced its updated ‘IndigoVision ....