Rightster has announced FY15 numbers modestly ahead of our expectations, suggesting that the new management team delivered a reasonable end to 2015. More importantly, there are some very positive signs of stabilisation despite significant cost reductions; Q1 2016 has seen continued (albeit unspecified) revenue growth, and delivered a much-reduced EBITDA loss (£0.9m for the quarter). Combined with a stronger-than-anticipated cash balance at the end of Q1 (some £9.7m) this suggests
13 Apr 2016
2015 full-year results
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2015 full-year results
Brave Bison Group Plc (BBSN:LON) | 2.8 0 0.0% | Mkt Cap: 36.1m
- Published:
13 Apr 2016 -
Author:
Gareth Evans -
Pages:
3
Rightster has announced FY15 numbers modestly ahead of our expectations, suggesting that the new management team delivered a reasonable end to 2015. More importantly, there are some very positive signs of stabilisation despite significant cost reductions; Q1 2016 has seen continued (albeit unspecified) revenue growth, and delivered a much-reduced EBITDA loss (£0.9m for the quarter). Combined with a stronger-than-anticipated cash balance at the end of Q1 (some £9.7m) this suggests