Eagle Eye Solutions losses narrow as revenue rises 23%

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Marketing software company Eagle Eye Solutions booked a full-year loss, as rising revenue was more than offset by expenses.

Pre-tax losses for the year through June amounted to £2.8m, narrowing from a loss of £5.2m on-year.

Revenue rose 23% to £16.9m, and Ebitda swung to a profit of £0.7m, which the company said beat its own expectations.

Eagle Eye Solutions said it had made a 'positive' start to the 2020 financial year, with current trading in line with its expectations.

'The board believes that the group's funding position is comfortable with sufficient headroom within the group's £5m banking facility to support existing growth plans,' it added.

At 2:28pm: (LON:EYE) Eagle Eye Solutions Group Plc share price was +6p at 173p