We have updated our forecasts to reflect a minimum net £2m fundraising to support a further acceleration of Verify. LS also completed a 100:1 share consolidation which we have also factored into our forecasts. We have made no adjustments to our FY2018 forecasts, but have increased our FY2019 and FY2020 revenue forecasts to the levels in our previous best-case scenario. With EBITDA being reached within 12 months, and future cash flows also being higher, we have increased our DCF-derived
26 Nov 2018
Verify gaining traction
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Verify gaining traction
Sorted Group Holdings Plc (SORT:LON) | 82.0 0 0.0% | Mkt Cap: 3.47m
- Published:
26 Nov 2018 -
Author:
Robert Sanders -
Pages:
16
We have updated our forecasts to reflect a minimum net £2m fundraising to support a further acceleration of Verify. LS also completed a 100:1 share consolidation which we have also factored into our forecasts. We have made no adjustments to our FY2018 forecasts, but have increased our FY2019 and FY2020 revenue forecasts to the levels in our previous best-case scenario. With EBITDA being reached within 12 months, and future cash flows also being higher, we have increased our DCF-derived