Financial Highlights
- Record order inflow in the year and trading in line with management expectations:
- Significant double digit increase in total bookings
- Growing share of sales mix from Software-as-a-Service (SaaS) contracts
- Order book of contracted future minimum revenues increased by 22% to £15.0m (2015: £12.3m)
- Annualised recurring core revenues(1) increased by 9% to £10.9m (2015: £10.0m)
- Recognised revenue of £16.6m (2015: £17.2m) as a result of ongoing reduction in MovieLine business and the growing proportion of SaaS contracts
- Adjusted EBITDA(2) of £4.46m (2015: £5.16m) as a result of previously announced investments and MovieLine
- Profit before tax of £1.74m (2015: £2.35m)
- Diluted basic earnings per share of 1.32p (2015: 1.85p)
- Maintained strong cash conversion, with net cash generated from operations increased by 12% to £4.99m (2015: £4.44m)
- Total research and development expenditure increased by 23% to £2.20m (2015: £1.79m)
- Debt-free balance sheet with net cash funds of £14.1m (2015: £13.7m)
- Final ordinary dividend of 1.1p and enhanced dividend of 0.95p proposed, making the total dividend 3.0p for the year, up 36%
