4GLOBAL PLC Trading Update (7437N)
27 9월 2023 - 3:00PM
UK Regulatory
TIDM4GBL
RNS Number : 7437N
4GLOBAL PLC
27 September 2023
27 September 2023
4GLOBAL PLC
("4GLOBAL" or the "Company")
Trading Update
4GLOBAL, a UK-based data, services and software company, issues
the following update ahead of the Company's Annual General Meeting
taking place at 10.00 a.m. today.
The current financial year has commenced positively and to date,
our business is performing well and in line with market
expectations. The Board has confidence in the performance of
4GLOBAL based around positive market trends, increased interest in
new commercial partnerships and significant existing customer
opportunities (including Jonas and MACE). The Company also expects
to continue to see a trend towards international revenue
opportunities, especially in the US.
Key highlights of the year to date are set out below:
-- Year to date, new sales of GBP2.2m have been secured, of
which GBP1.8m is expected to be recognised within the current
financial year ending 31 March 2024.
-- Total revenue booked to date in the financial year is GBP3.3m.
The strong performance in H1 2024 reflects new contracts
secured and the recognition of revenue/contracts secured
in prior periods.
-- As per previous years (FY23 H1/H2: 23%/77%), 4GLOBAL is
expected to retain a significant H2 weighting to its financial
performance, further highlighting the strong performance
in H1 2024.
-- Revenue mix in the current financial year stands at 58%/42%.
Technology vs. Services.
-- Sales pipeline of GBP5.3m.
Eloy Mazon , Chief Executive Officer of 4GLOBAL commented:
"4GLOBAL continues to go from strength to strength. As a
business we are not complacent, however our market and customers
continue to have strong demand for both our technology and
services. Technology revenue primarily however remains our key
focus as we seek to increase our recurring revenue ("ARR") and
margins."
For further information please contact:
4GLOBAL c/o IFC Advisory
Eloy Mazon (CEO)
Spark Advisory Partners - Nominated Adviser
Neil Baldwin 0203 368 3554
Canaccord Genuity Limited - Broker
Bobbie Hilliam 020 7523 8000
IFC Advisory
Graham Herring / Zach Cohen 0203 934 6630
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END
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September 27, 2023 02:00 ET (06:00 GMT)
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