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Enteq Upstream: Positioned for resilience, opportunity for big growth

Enteq Upstream PLC (LON:NTQ) has released full-year (FY) results for the year-end March 2020 with commentary on the ongoing trading environment. The company reported revenues of around US$10.9mln, underlying adjusted EBITDA (earnings before tax interest depreciation and amortisation) of US$3.1mln, and a year-end positive net cash balance of US$10.2mln, all of which are in line with a trading update released in April.

Geographically the company reported North American revenues at US$7.7mln (FY Mar 2019: US$9.2mln) reflecting already softening conditions pre-COVID. Overseas revenues rose strongly to US$3.2mln (versus US$1mln the year before) led by new business in China. In its previous update, the company stated that overseas revenues were expected to show more resilience near-term than North America, and our reading of the earnings release is that this resilience remains intact.

 

 

Quick facts: Enteq Upstream PLC

Price: 14 GBX

AIM:NTQ
Market: AIM
Market Cap: £9.44 m
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Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

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Enteq Upstream reports 'strong overseas numbers' set to drive future revenues'

Proactive Analyst Ed Stacey talks to Katie Pilbeam about Enteq Upstream PLC (LON:NTQ) after recently releasing its annual general meeting. The company confirms that revenue and underlying earnings (EBITDA) for the six months (H1) ending September 30 will be in line with previous management...

3 weeks, 2 days ago

3 min read