4Global (4GBL)

Sector:

IT Services

Index:

FTSE AIM All-Share

 60.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 72.50
  • 52 Week Low: 46.50
  • Currency: UK Pounds
  • Shares Issued: 26.34m
  • Volume: 60
  • Market Cap: £15.94m

Revenue rises but 4global swings to first-half loss

By Josh White

Date: Wednesday 21 Dec 2022

LONDON (ShareCast) - (Sharecast News) - Sporting-focussed data, software and service provider 4global reported a period of investment and growth through "significant" new business wins in its first half on Wednesday.
The AIM-traded firm said that as expected, its revenue generation profile would be "significantly weighted" to the second half, as in previous years.

As it entered the final quarter of the financial year, its management said it had confidence in meeting full-year market expectations.

Revenue for the six months ended 30 September rose 10% to £1.4m, while it swung to an adjusted loss of £0.8m, from a profit of £0.2m in the same period last year, before it was listed on AIM with a "significantly different" cost base.

4global said it had a "robust" balance sheet, with cash balances of £2.1m, up from £1.4m year-on-year.

"Recent trading has been strong which provides the management with confidence of achieving revenue and profit growth," said chief executive officer Eloy Mazon.

"This year, the group has put in place the key building blocks for accelerating growth within the business.

"It has a current booked revenue of £4.4m - £1.4m delivered in H1 and £3m to be delivered in the second - with some high margin contracts to be delivered in the second six months of the financial year."

In addition, Mazon said the company was "actively pursuing" £30m of new opportunities, some of which would fall into the current financial year.

"Our multimillion-dollar client wins with MACE in the Middle East, Technogym, Al Jassra Group and key partnerships with leading sport/physical activity data partners such as Jonas, IHRSA and FICC in North America provide us with confidence and excitement about the continued international expansion of the 4global business."

At 0901 GMT, shares in 4global were down 0.81% at 61p.

Reporting by Josh White for Sharecast.com.

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4Global Market Data

Currency UK Pounds
Share Price 60.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 72.50
52 Week Low 46.50
Volume 60
Shares Issued 26.34m
Market Cap £15.94m

4Global Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.22% below the market average75.22% below the market average75.22% below the market average75.22% below the market average75.22% below the market average
41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average41.46% below the sector average
Price Trend
2.84% above the market average2.84% above the market average2.84% above the market average2.84% above the market average2.84% above the market average
7.53% below the sector average7.53% below the sector average7.53% below the sector average7.53% below the sector average7.53% below the sector average
Income Not Available
Growth
27.44% above the market average27.44% above the market average27.44% above the market average27.44% above the market average27.44% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

4Global Dividends

No dividends found

Trades for 23-Feb-2024

Time Volume / Share Price
10:31 58 @ 58.05p
10:03 2 @ 58.05p

4Global Key Personnel

CEO Eloy Mazon
CFO Keith Sadler

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