This morning’s pre-close trading statement was a bit of a curate’s egg. On the one hand, FY17 revenues soared 40% YoY (~30% constant currency) - in line with expectations – to an estimated £31.4m from £22.4m LY. The vast majority of this growth being organic, and reflecting buoyant demand for its proprietary data erasure software, augmented by the roll-out of its award-winning smartphone diagnostics product (Xcaliber) across up to 6,000 retail stores in North America.
