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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 expectations.

The company ended the period with a positive net cash balance of US$8.8mln, which Stacey regards as sufficient to trade through the current oil & gas industry slowdown and to continue financing new product developments.

Click here to read Ed Stacey's latest update

Quick facts: Enteq Upstream PLC

Price: 14 GBX

AIM:NTQ
Market: AIM
Market Cap: £9.44 m
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Enteq Upstream PLC: Analyst expects new business opportunities to lead to...

Proactive Research analyst Ed Stacey gives his assessment of Enteq Upstream PLC's (LON:NTQ) results for the year-end March 2020 as well as the ongoing trading environment. Stacey says overseas revenues rose strongly to US$3.2mln (versus US$1mln the year before) led by new business in China. He...

on 1/7/20

2 min read