Earthport has released its H1’17 results to Dec’16. Continued strength in transaction numbers and payment volume have resulted in 35% revenue growth in the period, with transactional revenue up an impressive 49%. The group continues to move towards break-even, with adj. LBITDA reducing 68% to £1.7m. Net cash balances at Dec’16 remain strong at £11.4m. We have adjusted our forecasts to account for some additional investment in new growth initiatives, pushing EBITDA break-even out to H1’18, howeve ....
21 Mar 2017
N+1 Singer - Earthport - Interims show continued top line strength
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N+1 Singer - Earthport - Interims show continued top line strength
Earthport (EPO:LON) | 0 0 0.4% | Mkt Cap: 72.6m
- Published:
21 Mar 2017 -
Author:
Oliver Knott -
Pages:
7
Earthport has released its H1’17 results to Dec’16. Continued strength in transaction numbers and payment volume have resulted in 35% revenue growth in the period, with transactional revenue up an impressive 49%. The group continues to move towards break-even, with adj. LBITDA reducing 68% to £1.7m. Net cash balances at Dec’16 remain strong at £11.4m. We have adjusted our forecasts to account for some additional investment in new growth initiatives, pushing EBITDA break-even out to H1’18, howeve ....