Mixed messages
News covered in our free update here includes poorly worded updates from several AIM companies. In a challenging market for smaller quoted companies, where it doesn't take much for the share price to tumble, it's essential to get the communication right! Elsewhere, there was another impressive update from a mobile payments specialist that we have been following since IPO. (Free to read)
Netcall shares fall on strangely worded update! Netcall (AIM: NET), the provider of intelligent automation and customer engagement software, updated on trading for the year ended 30 June 2023 and also announced the renewed terms for a significant contract. The wording of their announcement unfortunately only served to confuse the reader. Revenue for the year is expected to have grown by 18% to £36.0m (FY22: £30.5m) and ‘adjusted EBITDA’ by 25% to £8.0m, which appears to be in line with forecasts. The main growth driver continues to be sales of the Group's cloud offerings, with cloud annual contract value increasing…