3579 days ago
Written with Steve Moore: AIM listed tech stock Lombard Risk Management (LRM) has issued a trading update that it “remains on target to achieve the market growth forecasts for the current year… supported by recent new licence wins and additional new orders won with existing customers” as well as announcing the appointment of a new Chief Financial Officer, Nigel Gurney.
Forecasts are currently for a reported full-year pre-tax profit of £5 million on revenue of £22.5 million, up from a prior year £4.42 million on £20.40 million. I note ‘reported’ since significant investment costs are capitalised here - £4.22 million more than depreciation + amortisation last year, with the company then commenting “we expect research and development costs to reduce in the 2014/15 financial year as a percentage of revenues but at the same time it would be very short sighted not to invest in our future growth”.
As noted
