Broadcast software provider Pebble Beach Systems grew revenues by 22% in 2019.
Revenues are expected to be £11.2m and underlying EBITDA was £3.5m. Management continues to restructure the business.
Cash was generated but net debt is still £8.4m. The borrowings should continue to reduce.
A £600,000 contract was gained from IMG Studios for the use of software for automated ad-insertion in the broadcast of premier league football matches by Amazon.
The Pebble Beach Systems share price has recovered strongly from its low of just above 1p two years ago to 7.88p.
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