20th May 2022 10:03
(Alliance News) - Eagle Eye Solutions Group PLC on Friday said it expects its full-year earnings to be ahead of market expectations as a result of its strong trading performance and a number of "significant" new customer wins in the year.
Shares in Eagle Eye were up 11% at 466.00 pence on Friday morning in London.
The London-based marketing solutions provider said it now expects revenue for the year ending June 30 to be 7% ahead of market expectations of GBP28.1 million and adjusted earnings before interest, tax, depreciation and amortisation to be 10% of market expectations of GBP5.2 million,
In its most recently ended financial year, revenue stood at GBP22.8 million and adjusted Ebitda totalled GBP4.2 million.
Chief Executive Tim Mason said: "We are delighted to have taken one of the largest grocery retailers in the US live on the AIR platform so quickly, providing us with another fantastic demonstration of the relevance of our combined offering with Neptune Retail Solutions in this substantial market.
"This successful go live and growing momentum in the business, combined with the underlying strength of our SaaS metrics and record new business pipeline, all combine to underpin the board's confidence in our outperformance in the current year and prospects for sustained growth."
By Heather Rydings; [email protected]
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