Business
Preliminary results
Preliminary results.
About this update from Tpximpact Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 8177H Panoply Holdings PLC (The) 05 August 2019 \n\n5 August 2019\n \nThe Panoply Holdings PLC\n(\"The Panoply\", or the \"Group\")\n \nPreliminary results for the year ended 31 March 2019\nMaiden results demonstrate success of model, philosophy and market opportunity\n \nThe Panoply (AIM: TPX), a digitally native technology-enabled services company, is pleased to announce its unaudited results for the year ended 31 March 2019.\n \nPro Forma Financial highlights1\n\n\n\n\n· \n\n\nRevenue up 42% to £22.1m (FY2018: £15.6m)\n· 38% organic growth (based on the original four companies acquired at IPO), 4% growth as a result of acquisitions made post-IPO\n\n\n\n\n· \n\n\nAdjusted EBITDA2 up 30%, ahead of market expectations, to £3.5m (FY2018: £2.7m) representing an Adjusted EBITDA margin of 16% (FY2018: 17%).\n\n\n\n\n· \n\n\nAdjusted EBITDA2 excluding central costs up 37% to £4.4m (FY2018: £3.0m), representing an Adjusted EBITDA excluding central costs margin of 20% (FY2018: 19%)\n\n\n\n\n \nStatutory financial highlights3\n\n\n\n\n· \n\n\nRevenue of £8.2m (FY2018: £0m)\n\n\n\n\n· \n\n\nAdjusted EBITDA2 of £0.4m (FY2018: loss £0.3m)\n\n\n\n\n· \n\n\nOperating loss of £1.6m (FY2018: loss £0.5m)\n\n\n\n\n· \n\n\nLoss for the period of £1.7m (FY2018: £0.5m)\n\n\n\n\n· \n\n\nCash at bank at year end of £5.7m, ahead of expectations (2018: £0.1m)\n\n\n\n\n \nPro Forma operational highlights\n\n\n\n\n· \n\n\n191 customers billed in the year (162 customers billed in the 12 months to 31 March 2018)4\n\n\n\n\n· \n\n\nGrowing number of long-term customer relationships, providing increased visibility for the Group with 45% of customers billed in the year to 31 March 2017 and 68% of customers billed in 2018 also billed in 20194\n\n\n\n\n· \n\n\nParticularly strong growth in the public sector, which accounted for 33% of total revenue in the period, and following the post-period acquisition of FutureGov is expected to rise further.\n\n\n\n\n&...