IXICO has reported results for H1/19A which clearly demonstrate the growth potential of its market along with the ability to deliver future profitability. For the 6-months to March 2019 the company delivered revenue growth of 22%, a gross margin of 66.3% and a maiden operating profit. IXICO closed the period well capitalised with cash of £7.5m and expects to accelerate investment in the business to maximise its potential. We maintain our Buy recommendation.
22 May 2019
Cenkos: IXICO Plc - Revenue growth & improved margin
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Cenkos: IXICO Plc - Revenue growth & improved margin
IXICO Plc (IXI:LON) | 8.4 0 0.0% | Mkt Cap: 4.05m
- Published:
22 May 2019 -
Author:
Chris Donnellan -
Pages:
14
IXICO has reported results for H1/19A which clearly demonstrate the growth potential of its market along with the ability to deliver future profitability. For the 6-months to March 2019 the company delivered revenue growth of 22%, a gross margin of 66.3% and a maiden operating profit. IXICO closed the period well capitalised with cash of £7.5m and expects to accelerate investment in the business to maximise its potential. We maintain our Buy recommendation.