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4Global PLC - London-based data, services and software for sporting events and the promotion of physical activity - Records revenue of £3.6 million in the year ended March 31, up 36% from £2.7 million the year before. Credits this to a substantial increase in project set up revenue within its subscription revenue stream. Swings to a pretax loss of £1.9 million from a profit of £372,000. Blames this on exceptional charges of £2.1 million related to its initial public offering, as well as share-based payments costs relating to share options granted at its IPO. Says it has many opportunities in the coming 12 to 24 months and is confident about its future prospects.
‘The IPO has raised our profile and led to the rapid growth of our customers and databases. With the many opportunities available to us and a great team in place, I look forward with confidence to further significant growth in the current year,’ Chief Executive Eloy Mazon says.
Current stock price: 81.10 pence
12-month change: down 9.4% since December IPO
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