REG - 4GLOBAL PLC - Trading Update

4GlobalAnnouncement

27/09/2023 07:00

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RNS Number : 7437N  4GLOBAL PLC  27 September 2023

27 September 2023

4GLOBAL PLC

("4GLOBAL" or the "Company")

Trading Update

4GLOBAL, a UK-based data, services and software company, issues the following
update ahead of the Company's Annual General Meeting taking place at 10.00
a.m. today.

The current financial year has commenced positively and to date, our business
is performing well and in line with market expectations. The Board has
confidence in the performance of 4GLOBAL based around positive market trends,
increased interest in new commercial partnerships and significant existing
customer opportunities (including Jonas and MACE). The Company also expects to
continue to see a trend towards international revenue opportunities,
especially in the US.

Key highlights of the year to date are set out below:

 ·   Year to date, new sales of £2.2m have been secured, of which £1.8m is
     expected to be recognised within the current financial year ending 31 March
     2024.
 ·   Total revenue booked to date in the financial year is £3.3m. The strong
     performance in H1 2024 reflects new contracts secured and the recognition of
     revenue/contracts secured in prior periods.
 ·   As per previous years (FY23 H1/H2: 23%/77%), 4GLOBAL is expected to retain a
     significant H2 weighting to its financial performance, further highlighting
     the strong performance in H1 2024.
 ·   Revenue mix in the current financial year stands at 58%/42%. Technology vs.
     Services.
 ·   Sales pipeline of £5.3m.

 

Eloy Mazon, Chief Executive Officer of 4GLOBAL commented:

 

"4GLOBAL continues to go from strength to strength. As a business we are not
complacent, however our market and customers continue to have strong demand
for both our technology and services. Technology revenue primarily however
remains our key focus as we seek to increase our recurring revenue ("ARR") and
margins."

For further information please contact:

 4GLOBAL                                       c/o IFC Advisory

 Eloy Mazon (CEO)

 Spark Advisory Partners - Nominated Adviser   0203 368 3554

 Neil Baldwin

 Canaccord Genuity Limited - Broker            020 7523 8000

 Bobbie Hilliam

 IFC Advisory                                  0203 934 6630

 Graham Herring / Zach Cohen

 

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