We release FY19E forecasts for FST and align FY18E numbers with guidance issued in their trading update last month. Whilst we downgrade our FY18E revenue from $46.6m to $41.3m, EBITDA was broadly in-line, and Net Debt beat with $2.1m vs expected $3.0m. Looking ahead, we highlight early enjoyment of licensing revenues (NRE at this stage) in FY19E and expect maiden revenues from the Company’s exploration of non-voice IoT applications. Continued price weakness since summer 2018 is in our v
13 Mar 2019
Update to FY18E no.s and release of FY19E forecasts
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Update to FY18E no.s and release of FY19E forecasts
Frontier Smart Technologies Group (FST:LON) | 0 0 (-0.3%)
- Published:
13 Mar 2019 -
Author:
James Bayliss -
Pages:
3
We release FY19E forecasts for FST and align FY18E numbers with guidance issued in their trading update last month. Whilst we downgrade our FY18E revenue from $46.6m to $41.3m, EBITDA was broadly in-line, and Net Debt beat with $2.1m vs expected $3.0m. Looking ahead, we highlight early enjoyment of licensing revenues (NRE at this stage) in FY19E and expect maiden revenues from the Company’s exploration of non-voice IoT applications. Continued price weakness since summer 2018 is in our v