4GLOBAL PLC (AIM:4GBL) chief executive Eloy Mazon described “a year of significant organic growth” and “several important strategic milestones”, as the company release its preliminary results for the twelve months ended 31 March.
The results boasted a 14% rise in revenue to £6.4 million and a 15% improvement in gross profit to £4.7 million. Adjusted earnings was reported at £1.6 million, an improvement of 30% year on year.
4Global told investors that its first-quarter revenue performance in the new financial year was "ahead of last year" as it highlighted "good visibility" with £2.5 million already secured.
Looking forward, the company sees a strong international pipeline of higher margin, repeatable and recurring revenue opportunities.
At the same time, 4Global noted that it expects that revenues will be second-half weighted, as it was in previous years, due to the seasonality of buying behaviours of our clients.
“Our focus on expanding internationally and increasing the proportion of recurring revenue is now delivering tangible results, with new customer wins including PIF and US Soccer illustrative of the calibre of organisation we are attracting,” Eloy Mazon said in the statement.
“We have taken great strides as a business in the past few years and, with market-leading offerings and new products in the pipeline to address the wealth of available opportunities, I am excited about what the future holds for 4GLOBAL in FY25 and beyond."