Aferian has released a positive update on trading for the year ending November 2022. The group finished the year in line with the Board’s recently-lowered expectations, with FY22 revenue now expected to be approximately $91m, with record levels of ARR and a stronger-than-expected cash balance. Management reiterated its expectation of reporting adjusted EBIT in the $7.8m-$8.8m guidance range. We leave estimates unchanged ahead of the full results announcement due in February, and continue to beli ....
08 Dec 2022
PROGRESSIVE: Aferian: A strong end to FY22
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PROGRESSIVE: Aferian: A strong end to FY22
Aferian plc (AFRN:LON) | 8.2 0 0.0% | Mkt Cap: 9.17m
- Published:
08 Dec 2022 -
Author:
Gareth Evans | Blaine Tatum -
Pages:
3
Aferian has released a positive update on trading for the year ending November 2022. The group finished the year in line with the Board’s recently-lowered expectations, with FY22 revenue now expected to be approximately $91m, with record levels of ARR and a stronger-than-expected cash balance. Management reiterated its expectation of reporting adjusted EBIT in the $7.8m-$8.8m guidance range. We leave estimates unchanged ahead of the full results announcement due in February, and continue to beli ....