LoopUp Group PLC (LON:LOOP) has confirmed expectations from a November update that its earnings will more than double in 2020.
In a brief trading update for the year to December 31, the conference call and remote meeting technology specialist said earnings (EBITDA) are expected to be around £15.3mln, up from £6.4mln in 2019, while revenues are forecast to rise to around £50.2mln from £42.5mln.
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The company also said it had ended the year with gross cash of £12.1mln, up from £3mln at the end of the prior year, while net debt was cut to £700,000 from £11.5mln.
LoopUp said it will provide more details in its full-year results which are due on March 23, 2021.