Eagle Eye Solutions (EYE)

Eagle Eye Solutions EYE Logo

A SaaS technology company that allows businesses to create a real-time connection with their customers.

9-Nov-2017 – 232p – £59.0m – PER n/a

AGM Statement – Momentum (from last year) has continued into the current financial year and Q1 FY2018 has delivered revenue growth of 36% to £3.1m, in line with previous guidance. The Group’s cash position at the end of Q1 FY2018 was ahead of management expectations at £1.7 million.

Positive update but still not yet set to make a profit – Not for me at present.

18-Sep-2018 – 124p – £31.6m – PER n/a

Final Results For The 12 Months To End June 2018 – Revenue up 33% to £14.8m (FY17: £11.1m), Gross margin maintained at 87% (FY17: 88%) but still a loss on the Adjusted EBITDA level of -£2.0m (FY17: -£1.8m).

I remain Neutral.

16-Nov-2018 – 124p – £31.6m – PER n/a

AGM Statement –Q1 Revenue up (26%) and EBITDA Loss is narrowing.

Not enough in that statement to take me away from Neutral.

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