Starcom delivered FY19 results comfortably in line with forecasts. Revenue increased 14% to $6.8m, gross margin was stable at 41% (FY18: 40%) and there was a $0.3m positive swing in adj. EBITDA that resulted in the company’s maiden profit. Management is upbeat on the prospects for Lokies, its intelligent reporting padlock, following the successful launch in April 2019. The company is also demonstrating good traction with the higher margin versions of Helios as well as the other newer ge
02 Mar 2020
Maiden adj. EBITDA profit; positive outlook
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Maiden adj. EBITDA profit; positive outlook
t42 IoT Tracking Solutions PLC (TRAC:LON) | 3.2 0 0.0% | Mkt Cap: 1.79m
- Published:
02 Mar 2020 -
Author:
David Johnson -
Pages:
8
Starcom delivered FY19 results comfortably in line with forecasts. Revenue increased 14% to $6.8m, gross margin was stable at 41% (FY18: 40%) and there was a $0.3m positive swing in adj. EBITDA that resulted in the company’s maiden profit. Management is upbeat on the prospects for Lokies, its intelligent reporting padlock, following the successful launch in April 2019. The company is also demonstrating good traction with the higher margin versions of Helios as well as the other newer ge