Loopup Group (LOOP)

Sector:

IT Services

Index:

FTSE AIM All-Share

 38.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 240.00
  • 52 Week Low: 37.00
  • Currency: UK Pounds
  • Shares Issued: 55.44m
  • Volume: 71,875
  • Market Cap: £21.07m

LoopUp warns of FY earnings, revenues 'moderately below' market expectations

By Iain Gilbert

Date: Friday 27 Nov 2020

LONDON (ShareCast) - (Sharecast News) - Cloud platform operator LoopUp Group said on Friday that full-year revenues and earnings would be "moderately below" current market expectations, principally due to the "societal and economic effects" of the Covid-19 pandemic.
LoopUp now expects full-year revenues to be at least £50.0m, up 18% year-on-year, while EBITDA was projected come in no at less than £15.0m, 134% growth on the prior year.

The AIM-listed group's annualised revenue run-rate currently stood at around £34.0m, made up of £28.0m of LoopUp Platform capabilities and £6.0m of Cisco resale.

LoopUp stated it had seen an acceleration of churn in non-professional services sectors, where its meetings capability was less differentiated and competition was more intense, with trading expected to remain "challenging".

However, while LoopUp acknowledged that trading was anticipated to remain tough in the non-PS part of its meetings business, the company noted that this now represents just 14% of total LoopUp platform revenue.

"With a continued focus to drive forward our PS business, it is expected this will have progressively less impact on overall trading going forward," said LoopUp.

As of 0845 GMT, LoopUp shares had sunk 44.58% to 85.90p.

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Loopup Group Market Data

Currency UK Pounds
Share Price 38.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 240.00
52 Week Low 37.00
Volume 71,875
Shares Issued 55.44m
Market Cap £21.07m

Loopup Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.56% above the market average87.56% above the market average87.56% above the market average87.56% above the market average87.56% above the market average
89.13% above the sector average89.13% above the sector average89.13% above the sector average89.13% above the sector average89.13% above the sector average
Price Trend
95.47% below the market average95.47% below the market average95.47% below the market average95.47% below the market average95.47% below the market average
92.66% below the sector average92.66% below the sector average92.66% below the sector average92.66% below the sector average92.66% below the sector average
Income Not Available
Growth
49.22% above the market average49.22% above the market average49.22% above the market average49.22% above the market average49.22% above the market average
40.21% above the sector average40.21% above the sector average40.21% above the sector average40.21% above the sector average40.21% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Loopup Group Dividends

No dividends found

Trades for 24-Sep-2021

Time Volume / Share Price
16:29 874 @ 37.65p
15:02 2,652 @ 37.70p
14:33 3,186 @ 37.10p
14:01 18,905 @ 37.20p
10:55 6,596 @ 37.90p

Loopup Group Key Personnel

CEO Steve Flavell
CEO Michael Hughes
CFO Simon Healey

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