LoopUp has published a trading update detailing a modest miss for FY20, but a materially lower-than-expected run rate as the business moves towards FY21. The shortfall is attributable almost entirely to a faster-thanexpected and more dramatic decline for the LoopUp meetings product in sectors outside the core focus Professional Services segment. We make reductions in estimates to reflect this revised outlook – clearly this is disappointing, but there are a number of positives within the parts of ....
27 Nov 2020
Non-core revenue drags run-rate down
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Non-core revenue drags run-rate down
LoopUp Group PLC (LOOP:LON) | 0.6 0 0.0% | Mkt Cap: 1.33m
- Published:
27 Nov 2020 -
Author:
Gareth Evans | Ian Poulter -
Pages:
5
LoopUp has published a trading update detailing a modest miss for FY20, but a materially lower-than-expected run rate as the business moves towards FY21. The shortfall is attributable almost entirely to a faster-thanexpected and more dramatic decline for the LoopUp meetings product in sectors outside the core focus Professional Services segment. We make reductions in estimates to reflect this revised outlook – clearly this is disappointing, but there are a number of positives within the parts of ....