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Eagle Eye - Moves to EBITDA profitability

August 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • EYE
  • Price:
  • 180p
Eagle Eye has issued a trading update for the year to end June, with sales up 23% to £16.9m and making the long-awaited breakthrough into ebitda profits (£0.7m versus ebitda loss of £2m last year). With £0.6m cash generated in H2, it ended the year with net debt of £1.2m. Revenue generated by the AIR platform grew 32% to represent 94% (2018: 88%) of total revenue for the period. This has been driven by growth in redemption and interactions were 847m for the period, a 110% increase from 404m and was driven by Loblaw, although the period also saw higher one-off implementation fees with larger clients. Overall recurring revenue from subscription fees and transactions was 71% of the total. Await r ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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