Business
Unaudited Half Yearly Results
Unaudited Half Yearly Results.
About this update from Xp Factory Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3609A\n Escape Hunt PLC\n 29 September 2020\n \n \n \n \n \n \n \n 29 September 2020\n \n \n \n \n \n Escape Hunt plc\n \n \n (\"Escape Hunt\", the \"Company\" or the \"Group\")\n \n \n \n \n \n Unaudited Half Yearly Results for the Six Months ended 30 June 2020\n \n \n \n \n \n Escape Hunt plc (AIM: ESC), a global leader in the growing escape rooms sector, is pleased to announce its interim results for the six months ended 30 June 2020.\n \n \n \n \n \n \n \n \n \n \n \n \n Half year ended 30 June 2020 (£'000)\n \n \n \n \n Half year ended 30 June 2019 (£'000)\n \n \n \n \n \n \n Revenue\n \n \n \n \n 1,306\n \n \n \n \n 2,208\n \n \n \n \n \n \n Gross Profit\n \n \n \n \n 900\n \n \n \n \n 1,613\n \n \n \n \n \n [1]\n \n \n \n \n \n \n \n \n \n \n \n Adjusted EBITDA loss, pre-IFRS 16\n \n \n \n \n (816)\n \n \n \n \n (1,059)1\n \n \n \n \n \n \n Loss per share \n \n \n \n \n (11.48p)\n \n \n \n \n (14.57p)\n \n \n \n \n \n \n \n HIGHLIGHTS\n \n \n \n \n \n \n · \n \n \n \n \n UK sites were closed from 21st March 2020 for the remainder of the period\n \n \n \n \n \n \n · \n \n \n \n \n In the 12 week period prior to the lockdown, revenue from owner-operated sites was up 44% compared to the same period in 2019\n \n \n \n \n \n \n · \n \n \n \n \n Adjusted EBITDA loss in the half year reduced to £816k (2019: £1,059k) \n \n \n \n \n \n \n · \n \n \n \n \n UK sites in aggregate achieving target returns prior to COVID-19\n \n \n \n \n \n \n · \n \n \n \n \n Launch of downloadable play at home and remote play games during lockdown generated \n £53k\n of revenue in period\n \n \n \n \n \n \n · \n \n \n \n \n Cash outflow constrained through careful management and use of various Government support schemes\n \n \n \n \n \n \n · \n \n \n \n \n Basic loss per share ('EPS') of 11.48p (H1 2019 loss per share: 14.57p)\n \n \n \n \n \n \n \n \n \n POST PERIOD-END HIGHLIGHTS\n \n \n \n \n \n \n · \n \n \n \n \n Raised £4.1m net of expenses through an equity placing, share subscription, convertible loan note issue and open offer to support continued expansion of the network and provide working capital\n \n \n \n \n \n \n · \n \n \n \n \n Cash balance of £4.3m at end of August 2020\n \n \n \n \n \n \n · \n \n \n \n \n UK sites re-opened in July operating on re...