IQGeo Group PLC (AIM:IQG) (IQGeo Group PLC (AIM:IQG)) Richard Petti Chief Executive Officer and Haywood Chapman, Chief Financial Officer join Proactive London's Katie Pilbeam to discuss their latest trading update, with expectations that revenues grew last year and underlying losses should improve significantly.
Helped by a full year of OSPInsight (OSPI), which was acquired in December 2020, trevenue is expected to rise around 48% to not less than £13.7mln for the calendar year.
Gross margins continued to improve as the proportion of subscription revenues increases and are now expected to exceed 60%, from 52% last time. As a result, the company expects adjusted EBITDA loss to be no more than £1.0mln compared to £2.5mln a year earlier.