The Vox Markets Podcast With Justin Waite

2557: James van den Bergh: Each company is doing incredibly well & forecasts are conservative

Informações:

Synopsis

James van den Bergh, Chief Executive Officer of TruFin #TRU discusses their Trading Update for the year for the 12 months ended 31 December 2023 where he says each company is doing incredibly well the current forecasts showing 150% upside are conservative. Financial Highlights - Revenue is expected to be no less than £20.2m representing year-on-year growth in excess of 32% - Adjusted EBITDA loss is expected to be ahead of prior expectations at no more than £(3.0)m, representing an improvement of more than 47% year-on-year. - Cash at year end is no less than £9m, of which unrestricted cash is no less than £5.5m, and the Group is fully funded to profitability Oxygen - Number one position in the market in 2023 & profitable growth - Scaling revenue and profitability in 2024 and beyond - Early Payment clients purchased two or more products in 2023 - Pipeline exceeding 100 potential Early Payment clients Satago - Lloyds Banking Group existing Bank clients are expected to migrate during 2024 - First 'new to