4GLOBAL PLC (AIM:4GBL) has reported a 14% increase in its annual revenue to £6.4 million, up from £5.6 million in the previous year.
The UK-based data and technology firm, specialising in the sports and fitness sector, described revenue generation in the second half of its financial year as strong.
It also told investors in a trading update that it had seen a substantial increase in earnings (adjusted EBITDA) for the period, improving by about 30% to £1.6 million.
"This has been a year of significant strategic progress, with substantial expansion into international markets and the successful migration to higher margin Solutions and Platform revenue driving double-digit sales growth and an outperformance of market expectations for profitability,” chief executive Eloy Mazon said in a statement.
4Global also highlighted that it had invested in an exciting pipeline of new Solutions and Platform products for the coming year and it expected to see an increase in recurring revenues and improve margins.
Whilst the company noted that guidance for the forward year will be given in the final results statement, expected in July, it anticipates that revenue will similarly be weighted to the second half of the year (as seen in previous years).