Cash machine advertising technology developer i-design says that its interim figures are ahead of the first half of last year thanks to a contract gained in Canada.
Revenues were £1.43m in the six months to March 2011. A small interim profit is expected, following the company’s first ever profit, which was reported for the second half of last year. Net cash is expected to be £810,000 at the end of September 2012.
Media sales are flat but bookings are ahead of last year.
At 45p a share, i-design is valued at £6.35m. Edison expects a small profit for 2011-12, followed by a profit of £300,000 in 2012-13 on the back of further software sales and upgrades. Sales growth should be much faster than increases in costs.
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