LoopUp, the premium hybrid communications cloud platform provider has released unaudited preliminary results to December 2022. Revenues were £16.5m (FY21A:£19.5m), a YoY decline of 15.4% driven by the structural decline in the meetings business coupled with a decline in the third-party resale services channel. Adjusted EBITDA of £(0.9)m was behind the prior year (FY21A: £1.2m), but ahead of our £(1.1)m forecast. We update our FY23E forecasts to reflect an uplift in the Meetings business, and rel ....
