A higher-than-expected adjusted pre-tax loss for FY 2018 (£2.2m vs £1.8m) was largely due to a c.£0.3m write-off of inventory obsoleted because of new product introductions, although year-end cash was in line at £3.2m. We remain optimistic that a successful launch of the High Usage Programme (HUP) licence model will create a more dynamic and competitive business with greater revenue visibility, more predictable cashflows and, consequently, higher quality earnings. Earl
10 Apr 2018
FY results – HUP HUP and away
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FY results – HUP HUP and away
- Published:
10 Apr 2018 -
Author:
Mark Brewer -
Pages:
15
A higher-than-expected adjusted pre-tax loss for FY 2018 (£2.2m vs £1.8m) was largely due to a c.£0.3m write-off of inventory obsoleted because of new product introductions, although year-end cash was in line at £3.2m. We remain optimistic that a successful launch of the High Usage Programme (HUP) licence model will create a more dynamic and competitive business with greater revenue visibility, more predictable cashflows and, consequently, higher quality earnings. Earl