Skillcast’s FY 2023 trading update indicates another year of solid revenue expansion (+15% yoy), with stellar growth within the key Subscription business (+27% yoy) more than offsetting weaker than expected revenues in the non-core Professional Services business (-11% yoy). The Professional Services revenues shortfall fell to the bottom line and so the expected EBITDA loss guidance of c.£0.8m compares to our forecast loss of £0.5m. After an EBITDA loss of £0.75m in H1 this implies a small loss o ....
31 Jan 2024
Allenby Capital: Skillcast Group - FY update
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Allenby Capital: Skillcast Group - FY update
Skillcast Group Plc (SKL:LON) | 35.5 -0.2 (-1.4%) | Mkt Cap: 31.8m
- Published:
31 Jan 2024 -
Author:
Matt Butlin -
Pages:
5
Skillcast’s FY 2023 trading update indicates another year of solid revenue expansion (+15% yoy), with stellar growth within the key Subscription business (+27% yoy) more than offsetting weaker than expected revenues in the non-core Professional Services business (-11% yoy). The Professional Services revenues shortfall fell to the bottom line and so the expected EBITDA loss guidance of c.£0.8m compares to our forecast loss of £0.5m. After an EBITDA loss of £0.75m in H1 this implies a small loss o ....