Finals to March 2025 reveal revenue and net cash (no debt) of £17.7m and £18.7m respectively, while adj EBITDA of £4.5m exceeds former forecasts by £0.5m, or 13% (6th upgrade in year). Management’s longstanding approach of improving guidance only with improved visibility, typically from interims onwards, has created confidence in delivery of expectations, and the justifiable market premium valuation for a UK software company with a high profile and demanding global customer base. The ongoing dev ....
