4GLOBAL "very pleased" with final results and looking to the future
July 27, 2023 at 10:45 am EDT
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4GLOBAL PLC (AIM:4GBL) CEO Eloy Mazon speaks to Thomas Warner from Proactive London following the release of audited final results for the year ended 31 March 2023. Mazon gives his highlights from the news release, saying that "all in all we are very pleased with the year", which was the company's first as a listed entity.
Group revenues for the year ending 31 March 2023, grew by 53% to £5.6mln, with basic earnings per share closing at 2.4p compared to losses of 7.1p in 2022. Mazon says that strong demand from international markets played a significant role in the results and aligning with the company's growth strategy. Looking ahead, Mazon says 4GLOBAL PLC is focusing on capitalising on the strong demand, particularly in the North American market, where they have established key relationships and commercial partnerships.
He explains that commercial partnerships, like the recent one with Jonas Fitness in the US, provide a valuable route to market and complement their product offerings and client onboarding capabilities. As the market shifts towards valuing data and insights, 4GLOBAL PLC aims to leverage its extensive database and technology for cleansing and transforming data into actionable insights. They also have plans to explore AI integration with a view to providing more valuable insights to their customers.
Contact Details
Proactive UK Ltd
+44 20 7989 0813
uk@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
4Global PLC is a data, services and technology company focused on sporting events and the promotion and measurement of physical activity. Its principal activity is the provision of advisory services in the sporting sector at a local, national and international level. It uses its proprietary data and software solutions (DataHub) to convert data into actionable insight, which enables clients to promote sports participation, to reduce physical inactivity, and to achieve economic, social and healthcare outcomes. It has built the Sport Intelligence platform, which tracks and manages activity data, which is collected and stored on its DataHub, a GDPR-compliant database, to address this need. On its services business vertical, it advises clients on sporting events from project management, security, and legacy projects around sports participation. It works with and supports a range of clients, including governments, cities and local authorities, sporting federations and activity providers.