In what appears to be a short rushed trading update centred around CFO change, the group indicates revenues of c$170-180m for H1 and EBITDA of $19-21m. This is lower than our $204m of revenue and $23.5m of EBITDA. There are no other KPIs. While this is lower than expected it still shows a huge leap forward in revenues (c50%) and perhaps more importantly EBITDA (prior year was just $3.1m). It seems likely that full year FY19 consensus will fall by 10% or so but that still implies EBITDA still in ....
25 Sep 2018
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Glass half empty or glass half full?
Rhythmone (RTHM:LON) | 0 0 4.4% | Mkt Cap: 120.1m
- Published:
25 Sep 2018 -
Author:
Johnathan Barrett -
Pages:
4
In what appears to be a short rushed trading update centred around CFO change, the group indicates revenues of c$170-180m for H1 and EBITDA of $19-21m. This is lower than our $204m of revenue and $23.5m of EBITDA. There are no other KPIs. While this is lower than expected it still shows a huge leap forward in revenues (c50%) and perhaps more importantly EBITDA (prior year was just $3.1m). It seems likely that full year FY19 consensus will fall by 10% or so but that still implies EBITDA still in ....