11 July 2019 – trading update

The company has issued a positive trading update for the six month period to 30 June with revenues up 8% over the previous year at $24.1m (2018: $22.2m).  As a result, the company expects to report positive EBITDA and a positive operating profit for the first half for the first time since 2014.  Net cash at the end of the period was $2.7m (31 December 2018: $2.0m).  The interim results will be announced on 14 August and we retain our recommendation of BUY.