Alasdair Haynes of Aquis Exchange: Revenues continue to increase, reflecting the strong momentum
Episode 909, Sep 22, 2022, 06:35 AM
Alasdair Haynes CEO of Aquis Exchange #AQX discuss their interim results which show revenues increasing by 21% reflecting the strong momentum across the group driven by increased contributions from the principal business divisions.
Alasdair Haynes CEO of Aquis Exchange #AQX discuss their interim results which show revenues increasing by 21% reflecting the strong momentum across the group driven by increased contributions from the principal business divisions.
Highlights
All three divisions were profitable in the period.
· Net Revenue increased 21% to £8.3 million (1H21: £6.9 million)
· EBITDA at £1.4 million (1H21: £1.6 million) following a significant investment in technology and development headcount to drive future growth
· Pre-tax profit of £0.7 million (1H21: £1.0 million)
· Cash and cash equivalents at 30 June 2022 of £13.3 million (30 June 2021: £13.9 million)
· Membership of Aquis Exchange (AQX) grew to 42 (1H21: 39), with a small decline in average monthly usage reflecting more volatile market conditions
· Market share of all pan-European trading ended the period at 5.20% in 2Q22 (4Q21: 5.35%)
· 12 new admissions to Aquis Stock Exchange (AQSE) completed during 1H22 (1H21: 14))
· Signature of a new significant multi-year technology licence contract
· Aquis Matching Pool (AMP) successfully launched following the asset purchase from UBS on 4 April 2022, with average monthly market share of c. 0.5% added to the Group total share
Post-period highlights
· Currently tracking in line with market expectations for the full year
· Signature of an additional new significant multi-year technology licence contract
To read the full RNS click here
Highlights
All three divisions were profitable in the period.
· Net Revenue increased 21% to £8.3 million (1H21: £6.9 million)
· EBITDA at £1.4 million (1H21: £1.6 million) following a significant investment in technology and development headcount to drive future growth
· Pre-tax profit of £0.7 million (1H21: £1.0 million)
· Cash and cash equivalents at 30 June 2022 of £13.3 million (30 June 2021: £13.9 million)
· Membership of Aquis Exchange (AQX) grew to 42 (1H21: 39), with a small decline in average monthly usage reflecting more volatile market conditions
· Market share of all pan-European trading ended the period at 5.20% in 2Q22 (4Q21: 5.35%)
· 12 new admissions to Aquis Stock Exchange (AQSE) completed during 1H22 (1H21: 14))
· Signature of a new significant multi-year technology licence contract
· Aquis Matching Pool (AMP) successfully launched following the asset purchase from UBS on 4 April 2022, with average monthly market share of c. 0.5% added to the Group total share
Post-period highlights
· Currently tracking in line with market expectations for the full year
· Signature of an additional new significant multi-year technology licence contract
To read the full RNS click here