Second upgrade in 3 months. I should have been more adventurous.
Rev FY18 $12.5 FY19 $21-22m
EBITDA FY18 $0.001m FY19 $1.4m- $1.7m
- Given the strong performance of Ikon, an earn-out payment is required to be made to thevendors of Ikon. The Company intends to fund the cash portion of the earn-out paymentthrough existing cash reserves and an increase to its existing debt facilities
- Strong cash generation in 2H19 has resulted in UCW’s cash position at 30 June 2019increasing to $4.7m (31 December 2018: $1.6m). Borrowings, excluding bank guarantees,stood at $1.2m (31 December 2018: $1.4m)
Ann: Market Update, page-2
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