With less R&D being capitalised, FY 2018 adj. EBITDA came in at the lower end of the $30 to $35m range supplied by the January trading update. However, FY 2018 was a far better year and set of financial results than 2017, with adj. EBITDA jumping 66% on the back of 14% organic revenue growth as the IoT revolution accelerates. That earnings improvement was particularly reflected in the cash generation with almost $30m generated from operations and used to fund further development to keep t
17 Apr 2019
Telit - Much improved results highlight opportunity ahead
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Telit - Much improved results highlight opportunity ahead
- Published:
17 Apr 2019 -
Author:
Cavendish Research -
Pages:
19
With less R&D being capitalised, FY 2018 adj. EBITDA came in at the lower end of the $30 to $35m range supplied by the January trading update. However, FY 2018 was a far better year and set of financial results than 2017, with adj. EBITDA jumping 66% on the back of 14% organic revenue growth as the IoT revolution accelerates. That earnings improvement was particularly reflected in the cash generation with almost $30m generated from operations and used to fund further development to keep t