Ah, remember the days when Microsoft condescended to produce versions of MS Office for the Mac to keep Apple on life-support so it could claim it did not have a monopoly position in operating systems?
The week ahead
In the UK, XLMedia, Universe Group, , Pennant and Immotion are scheduled to report their final results, while Proactis reports its interims.
(), a performance publishing company, announces final results on Tuesday. In its trading update in January, it said it expects to report revenue of US$54.5mln and adjusted underlying earnings (EBITDA) of around US$11.5mln (excluding transformation costs and share-based payments). The company is pursuing a multi-track approach to recovering the casino vertical, where several sites were penalised by Google early in 2020. In March the group announced the acquisition of Sports Betting Dime, for a total consideration of about US$26.0mln along with a £27mln (before expenses) fundraising. This follows the acquisition in December of the sports gaming and sports betting business of CBWG Sports for an upfront payment of US$12mln in cash and US$3.5mln in shares along with deferred consideration of up to US$9.5mln.
(), which provides retail management solutions, payment and loyalty systems, announces its final results on Tuesday. In an update earlier in April, it announced a five-year extension of an existing contract with a major international oil and gas group for the provision of loyalty services Europe-wide. Subject to completion of an audit, the company expects to report the financial year 2020 (FY20) revenue in line with expectations, while EBITDA and adjusted profit before tax are anticipated to be ahead of previous expectations. The market awaits further information on the chief executive officer (CEO) transition, while a new chief financial officer (CFO) and non-executive director were appointed last week and a chief operating officer (COO) in February.
PLC (), which provides Location Master Data Management (LMDM) software and solutions, announces final results on Wednesday. In a trading update in early March, it said it expects to report full-year numbers ahead of current market expectations due to a robust second-half performance. Revenue is expected to exceed £24mln, with recurring revenue having increased year on year, while adjusted EBITDA is expected to be more than £3.2mln. Earlier this month, announced it has signed a multiyear contract with the Department for Environment, Food and Rural Affairs (Defra) and separately, Google Real Estate and Workplace Services, a division of Google, Inc, extended a contract with 1Spatial.
Grpup PLC (), which provides technology-based maintainer training and integrated product support solutions, reports final results on Wednesday. In its interim results in September, it announced a 14% decline in revenue to £6.3mln along with a £2mln EBITDA loss, due to the challenging market conditions related to COVID-19; however, cash generation was solid and the group closed the period with £2mln in cash and £2.8mln of acquisition-related liabilities but no bank debt. Further, the order book remained broadly unchanged at £36mln including £14mln of revenues scheduled for delivery in 2021 and a “sizeable and maturing” pipeline of new opportunities.
ProactisHoldings PLC (), which provides spend management solutions, announces interim results on Thursday. In a trading update in February, the company said it expects to report revenues for the six-month (H1) period of £23.7mln (H1 2020: £24.5mln) and adjusted EBITDA of £6.2mln (H1 2020: £5.6mln), against a comparative period unaffected by COVID-19. Net bank debt rose by £2.6mln over the six months to £39.7mln, affected by lower cash levels in the group’s outsourced sourcing business resulting from lower trading volumes hit by COVID-19 as previously reported, and cash flow from upfront costs of the restructuring of its management team and operating cost base.
Immotion, the UK-based immersive entertainment group, announces its final results on Thursday. While interim results showed a decline in revenues, due to the COVID-19 pandemic, sites began to open in July and August. In its year-end trading update in late December, the company said that revenue had increased steadily in recent weeks. Following the launch of Let’s Explore Oceans (LEO) in mid-October, group revenue for October was £369k and November was £573k, an increase of 21%, and 87% respectively compared to September, before the launch of LEO. In February, the company announced it had signed a contract to provide a new Undersea Explorer VR Theatre at Clearwater Marine Aquarium in Florida, USA, which opened in March. In April, the group launched its new “Explore the Oceans” augmented reality book and 4D flashcards.
Across the pond, the latest quarterly earnings season peaks, with most tech heavyweights reporting, as well as electric vehicle maker Tesla and its Chinese counterpart Nio. Tech-related companies reporting include Amkor Technology, SS&C, Check Point Software, Cadence, Tesla, MicroStrategy, NXP Semi, Alphabet, Advanced Micro Devices, Microsoft, Teradyne, Apple, Automatic Data Processing, Blackbaud, CGI, Cree, Equinix, Extreme Networks, Facebook, FormFactor, Qualcomm, TTM Technologies, , ServiceNow, , Pegasystems, , Amazon, , , Cirrus Logic, , Digital Realty Trust, Fortinet, MACOM, Zendesk and Twitter.
|Week of 26 Apr||Assimilar||Final results||30-Sep|
|Week of 26 Apr||Assimilar||Interim results||31-Mar|
|05-May||Iomart||Capital markets day|
|18-20 May||Blue Prism||Blue Prism World|
|Late May/E June||Bytes Technology||Final results||28-Feb|
|15-Jun||CML Microsystems||Final results||31-Mar|
|18-Jun||Blue Prism||Interim results||30-Apr|
|24-Jun||Alpha FMC||Final results||31-Mar|
|Early July||AdEPT Technology||Final results||31-Mar|
|29-Jul||SRT Marine||Final results||31-Mar|
Source: Data from regulatory news and company websites