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.
· 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.