4GLOBAL PLC (AIM:4GBL) has confirmed that trading performance in the six months to 30 September has been encouraging and is in line with market expectations for the full year.
The provider of data and technology for sports, fitness and wellness organisations highlighted that cash flow is improving as the company transitions into the second half of the year, with customer payments arriving on time.
As in previous years, 4GLOBAL expects the majority of its commercial activity to take place in the second half, driven by budget seasonality within its markets.
Analyst forecasts have 4GLOBAL’s full-year revenue hitting £7.6 million, with £1.9 million in adjusted EBITDA and £1 million in cash.
A more detailed trading update covering the period is expected to be published next month.