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Instem plc >
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Strong cash performance caps year of progress

  • 14 Jan 2021

Strong cash performance caps year of progress


Instem plc (INS:LON) | 532 0 0.0% | Mkt Cap: 109.1m


  • N+1 Singer
    • Chris Glasper

    • 3 pages

IT services image


 
IT services image


Instem has delivered another year of double digit revenue growth, in line with expectations. Progress has been made across all three business streams, buoyed by strong demand from new and existing customers. A key highlight is cash generation, with Y/E net cash £3.2m better than expectations at £26.7m (pre-IFRS16). The outlook remains positive, with further organic growth opportunities in areas such as SEND exploitation and Informatics. The company remains in active discussions with a number of ....

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Strong cash performance caps year of progress


Instem plc (INS:LON) | 532 0 0.0% | Mkt Cap: 109.1m


  • Published: 14 Jan 2021
  • Author: Chris Glasper
  • Pages: 3
  • N+1 Singer


Instem has delivered another year of double digit revenue growth, in line with expectations. Progress has been made across all three business streams, buoyed by strong demand from new and existing customers. A key highlight is cash generation, with Y/E net cash £3.2m better than expectations at £26.7m (pre-IFRS16). The outlook remains positive, with further organic growth opportunities in areas such as SEND exploitation and Informatics. The company remains in active discussions with a number of ....


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