Published on: August 20, 2015
Trading update: All on track
Today’s trading update from eg confirms that the business is very much on track. The company expects to report revenues of £3.6m for the first half of FY15/16 (+16% YoY), with a pre-tax loss of £0.3m reflecting ongoing operational investment in the business. Revenue visibility remains high, with a £2.5m improvement in the order book to £15.5m. Imminent new product launches, scheduled for Sep-15 should further support future growth. Lastly, with £3.1m net cash, the group’s financial position remains solid.