Instem PLC's (LON:INST) Phil Reason talks to Proactive London about their latest financial report for 2020 which saw underlying earnings (EBITDA) rise in 2020. Revenue increased 10% to £28.2mln in 2020, or by 3% on a like-for-like basis, from £25.7mln in 2019.
Reason highlights the 'resilience of the business in desperately difficult climate for many businesses'. With Software-as-a-service (SaaS) revenues up 25% higher at £8.0mln (2019: £6.4mln) while recurring revenues, which include support fees, jumped 13% to £16.9mln from £14.9mln in 2019.