Financial Highlights
Record bookings in period and trading in line with management expectations:
o Significant double digit increase in total bookings
o Growing mix of Software-as-a-Service (SaaS) contracts
o Continued growth in premise-based contracts
o Order book of contracted future minimum revenues increased by 43% to over £14.6m
Annualised recurring core revenues(1) increased by 8% to £10.5m
Recognised revenue of £8.13m (H1 FY15: £8.60m) as a result of the ongoing reduction in MovieLine service and change in blend of business
Adjusted EBITDA(2) of £2.11m (H1 FY15: £2.66m) as a result of previously announced investment and MovieLine
Profit before tax of £0.79m (H1 FY15: £1.41m)
Basic earnings per share of 0.56p (H1 FY15: 0.86p)
Maintained strong cash conversion with cash generated from operating activities of £1.82m (H1 FY15: £2.08m)
Debt-free balance sheet with net cash funds of £15.2m (30 June 2015: £13.7m)
First interim enhanced dividend of 0.95p
