IXICO plc Trading update for the first half of financial year ending 31 March 2019

On track to deliver robust revenue growth from £21.2m order book

Strong closing cash balance of £7.5m as at 31 March 2019

IXICO plc (AIM: IXI), the data analytics company delivering insights in neuroscience, today provides an update ahead of results for the six months ended 31 March 2019. Comparatives reflect early adoption of IFRS15.

Highlights:

·    Reported revenues expected to be £3.43m for 6 months to 31 March 2019 (2018: £2.82m) representing growth of 22%.

·    Strong closing cash balance of £7.5m as at 31 March 2019, includes the £5.5m oversubscribed placement in May 2018 (2018: £2.7m).

·    Order book* stood at £21.2m as at 31 March 2019.

On the basis of the revenues for the first half, the Company remains confident that revenues for the full year to 30 September 2019 will be in line with market expectations of £6.6m. This would represent an increase of 22% over the prior year’s reported revenue of £5.4m.

The Company’s first half results will be released on 22 May 2019.

Read more

By Optimum

For more information about Optimum Strategic Communications, please get in touch

We'd love to hear from you...

GET IN TOUCH