Today’s maiden AGM statement shows GetBusy made a solid start to 2018, with revenue for the first four months of 2018 up 17% YoY, while recurring revenue increased 20% YoY. GetBusy’s net cash position of £2.7m at April 2018 end (£2.8m at YE 2017), makes our £1.7m YE 2018 forecast look conservative. Additionally, we are encouraged by Smart Vault’s overseas expansion and Virtual Cabinet’s first subscription-only orders. We leave our forecasts unchanged
22 May 2018
Maiden AGM Statement: Strong start to 2018
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Maiden AGM Statement: Strong start to 2018
GetBusy Plc (GETB:LON) | 64.5 0 0.0% | Mkt Cap: 32.6m
- Published:
22 May 2018 -
Author:
Brendan D’Souza -
Pages:
2
Today’s maiden AGM statement shows GetBusy made a solid start to 2018, with revenue for the first four months of 2018 up 17% YoY, while recurring revenue increased 20% YoY. GetBusy’s net cash position of £2.7m at April 2018 end (£2.8m at YE 2017), makes our £1.7m YE 2018 forecast look conservative. Additionally, we are encouraged by Smart Vault’s overseas expansion and Virtual Cabinet’s first subscription-only orders. We leave our forecasts unchanged