IMImobile PLC reported audited consolidated earnings results for the year ended March 31, 2018. For the year, the company reported revenue of £111.366 million compared to £76.116 million a year ago. Operating profit was £2.786 million compared to £4.868 million a year ago. Profit before tax was £2.660 million compared to £5.073 million a year ago. Profit for the year attributable to equity holders of the company was £0.902 million or 1.3 pence per diluted share compared to £4.565 million or 9.0 pence per basic and diluted share a year ago. Adjusted EBITDA was £13.405 million compared to £11.466 million a year ago. Adjusted diluted EPS was 11.2 pence compared to 11 pence a year ago. Net cash from operating activities was £9.518 million compared to £10.031 million a year ago. Purchase of intangibles was £5.452 million compared to £2.250 million a year ago. Purchases of property, plant & equipment were £1.072 million compared to £2.124 million a year ago. Adjusted operating profit was £10.105 million compared to £8.806 million a year ago. Adjusted profit before tax was £10.054 million compared to £9.011 million a year ago. Adjusted profit after tax was £7.762 million compared to £7.482 million a year ago. Adjusted cash generated from operations was £11.508 million compared to £11.916 million a year ago.

The 2019 financial year has started well with trading in line with expectations. The company continues to have good earnings visibility due to established client relationships, healthy pipeline of new deployments and high proportion of recurring customer revenues.