IXICO has reported six-month results to March-22, in-line with the recent trading update, with revenues of £3.9m, EBITDA of £0.5m and closing cash of £5.8m. The company expects to ‘materially exceed' our previous EBITDA forecast of £0.6m, anticipating FY22 EBITDA of more than £1.2m; we have upgraded our forecasts into line with this new target. As previously discussed, trial cessations will continue to impact into FY23E, resulting in weaker revenues and short-term EBITDA losses, however we belie ....
24 May 2022
Cenkos: IXICO Plc - Interim results: Profit upgrade
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Cenkos: IXICO Plc - Interim results: Profit upgrade
IXICO Plc (IXI:LON) | 8.4 0 (-6.4%) | Mkt Cap: 4.05m
- Published:
24 May 2022 -
Author:
Chris Donnellan -
Pages:
8
IXICO has reported six-month results to March-22, in-line with the recent trading update, with revenues of £3.9m, EBITDA of £0.5m and closing cash of £5.8m. The company expects to ‘materially exceed' our previous EBITDA forecast of £0.6m, anticipating FY22 EBITDA of more than £1.2m; we have upgraded our forecasts into line with this new target. As previously discussed, trial cessations will continue to impact into FY23E, resulting in weaker revenues and short-term EBITDA losses, however we belie ....