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Eagle Eye Solutions losses narrow as revenue rises 23%

By BFN News | 02:28 PM | Tuesday 17 September, 2019


Marketing software company Eagle Eye Solutions booked a full-year loss, as rising revenue was more than offset by expenses. Pre-tax losses for the year through June amounted to £2.8m, narrowing from a loss of £5.2m on-year. Revenue rose 23% to £16.9m, and Ebitda swung to a profit of £0.7m, which the company said beat its own expectations. Eagle Eye Solutions said it had made a 'positive' start to the 2020 financial year, with current trading in line with its expectations. 'The board believes that the group's funding position is comfortable with sufficient headroom within the group's £5m banking facility to support existing growth plans,' it added. At 2:28pm: (LON:EYE) Eagle Eye Solutions Group Plc share price was +6p at 173p Story provided by StockMarketWire.com

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