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LoopUp's 2018 profits were "comfortably ahead" of market expectations

Remote meetings technology specialist LoopUp Group PLC (LON:LOOP) said profitability in 2018 was “comfortably ahead” of consensus expectations. Co-CEO Steve Flavell gives Proactive London detail on today's trading update and offers insights into LoopUp's expansion plans including new offices in LA, Chicago, Dallas, Atlanta and Madrid.
Revenue was in line with market expectations, the technology firm added the acquisition of MeetingZone in May has proved transformational for the group and they're well on their way to migrating the MeetingZone audio conferencing business over to the LoopUp platform.
The group said it continues to see strong demand for the LoopUp product. Landmark accounts won in the second half of the year include Australia's largest law firm; a US-headquartered medical non-profit organisation operating in 43 countries; and a leading global brokerage company with joint headquarters in London and New York

Quick facts: LoopUp Group PLC

Price: 153.6 GBX

AIM:LOOP
Market: AIM
Market Cap: £85.04 m
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