Following the recent commercial update, IXICO has released a trading update highlighting its strong revenue growth and anticipating the results for FY19 will be ‘materially ahead of current market expectations'. In light of this performance and ahead of the release of the full year results to Sep-19, we are upgrading our forecasts as discussed below. We believe IXICO's proprietary AI algorithms, focus on the growing CNS market and established client relationships support our Buy recommendation.
19 Aug 2019
Cenkos: IXICO Plc - Performance driven upgrade
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Cenkos: IXICO Plc - Performance driven upgrade
IXICO Plc (IXI:LON) | 8.4 0 (-3.2%) | Mkt Cap: 4.05m
- Published:
19 Aug 2019 -
Author:
Chris Donnellan -
Pages:
8
Following the recent commercial update, IXICO has released a trading update highlighting its strong revenue growth and anticipating the results for FY19 will be ‘materially ahead of current market expectations'. In light of this performance and ahead of the release of the full year results to Sep-19, we are upgrading our forecasts as discussed below. We believe IXICO's proprietary AI algorithms, focus on the growing CNS market and established client relationships support our Buy recommendation.