Gresham has issued a trading update indicating that two high-value replacement software deals have not fully closed in time to meet full year expectations. As a result, the company now expects to report FY 2018 revenue of £20.0m (vs N1Se £23.3m) and adjusted EBITDA of £0.8m (vs N1Se £3.5m). Both these deals are expected to conclude in early 2019 and still represent wins in two major competitive bids. We have revised our FY 2018 revenue, adjusted EBITDA and cash estimates in line with the indicat ....
04 Jan 2019
Further slippage impacts FY18 results, but improving visibility
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Further slippage impacts FY18 results, but improving visibility
Gresham Technologies plc (GHT:LON) | 163 0 0.0% | Mkt Cap: 136.7m
- Published:
04 Jan 2019 -
Author:
N+1 Singer Team -
Pages:
4
Gresham has issued a trading update indicating that two high-value replacement software deals have not fully closed in time to meet full year expectations. As a result, the company now expects to report FY 2018 revenue of £20.0m (vs N1Se £23.3m) and adjusted EBITDA of £0.8m (vs N1Se £3.5m). Both these deals are expected to conclude in early 2019 and still represent wins in two major competitive bids. We have revised our FY 2018 revenue, adjusted EBITDA and cash estimates in line with the indicat ....