14th Nov 2019 14:01
(Alliance News) - Eagle Eye Solutions Group PLC, a digital marketing platform provider, on Thursday said it has recorded a 24% year-on-year rise in revenue in the first four months of the year ending June 30, 2020, due to continuation of a good trading momentum.
"This growth has been driven by the impact of wins at the end of the last financial year, together with transaction growth from brand campaigns through our food and beverage network," Chair Malcolm Wall said in his annual general meeting statement.
"The period has delivered an adjusted earnings before interest, taxes, depreciation and amortisation profit, in line with management expectations, demonstrating considerable progress on the prior year," Wall added.
Eagle Eye expects a strong uptick in transaction volumes and revenue for the remainder of the second quarter ending December 31, in line with management expectations, due to continued growth of its existing customer base.
"We have an increasing number of promising revenue generating customer engagements, which combined with our high levels of recurring revenue, very low levels of customer churn and expanding market opportunity provide the board with confidence as we look to the remainder of the year and beyond," Wall said.
Eagle Eye shares were up 3.7% at 162.75 pence each on Thursday afternoon.
By Tapan Panchal; [email protected]
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