Enteq Upstream PLC: Analyst expects new business opportunities to lead to 'much higher revenues'

Proactive Research analyst Ed Stacey gives his assessment of Enteq Upstream PLC's (LON:NTQ) results for the year-end March 2020 as well as the ongoing trading environment. Stacey says overseas revenues rose strongly to US$3.2mln (versus US$1mln the year before) led by new business in China. He adds that Enteq is still on track to end FY March 2021 with a large net cash position and believes that this provides scope for the company to consider additional investment opportunities that could become available in the current environment.