H1 results were affected by the write-down of a large receivable and a slow Q1. However, momentum accelerated in Q2, there is a healthy sales pipeline and, with £1m cost savings identified, 7digital is on track to turn EBITDA positive from H216. Continued growth in monthly recurring revenue (MRR) should become more visible in H216 and reaching EBITDA break-even could provide the necessary catalyst for a re-rating.
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EBITDA break-even in sight
- Published:
21 Sep 2016 -
Author:
Bridie Barrett -
Pages:
2
H1 results were affected by the write-down of a large receivable and a slow Q1. However, momentum accelerated in Q2, there is a healthy sales pipeline and, with £1m cost savings identified, 7digital is on track to turn EBITDA positive from H216. Continued growth in monthly recurring revenue (MRR) should become more visible in H216 and reaching EBITDA break-even could provide the necessary catalyst for a re-rating.