Licensing now accounts for the majority of gross profits (up 17%). With a 72% y-o-y increase in annualised monthly recurring revenue (MRR) and a strong pipeline, 7digital is on track to break even in H216. The proposed Snowite acquisition (for £0.6m in shares plus debt of €1.8m, stc) should generate significant synergies and accelerate this journey. FY15 was a pivotal year for the company and the industry, yet the share price remains backward looking and we believe it offers an exc
30 Mar 2016
Snowite and the 7digital
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Snowite and the 7digital
- Published:
30 Mar 2016 -
Author:
Bridie Barrett -
Pages:
2
Licensing now accounts for the majority of gross profits (up 17%). With a 72% y-o-y increase in annualised monthly recurring revenue (MRR) and a strong pipeline, 7digital is on track to break even in H216. The proposed Snowite acquisition (for £0.6m in shares plus debt of €1.8m, stc) should generate significant synergies and accelerate this journey. FY15 was a pivotal year for the company and the industry, yet the share price remains backward looking and we believe it offers an exc