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'Mo' Khan, Chief Executive Officer of Hvivo says 2022 was transformative and with an impressive orderbook, he is proud to have full visibility of 2023 revenue guidance with strong visibility into H1 2024.
Financial Highlights
· Revenue up 30% to £50.7m (2021: £39.0m)
· EBITDA increased threefold to £9.1m (2021: £2.9m)
· EBITDA margins of 17.9% (2021: 7.4%), ahead of guidance due to positive impacts of over £1m
· Cash and cash equivalents of £28.4m as at 31 December 2022 (2021: £15.7m)
· Adjusted diluted EPS increased to 0.90p per share (2021: (0.19)p)
· Contracted orderbook increased by 65% to £76m as at 31 December 2022 (2021: £46m)
· One-off special dividend of c.£3.0m, being 0.45p per share reflecting strong cash generation during the year, payable on 9 June 2023 to shareholders on the register on 5 May 2023. The corresponding ex-dividend date is 4 May 2023