LoopUp Group PLC Date Change for Results
RNS Number : 1119T
LoopUp Group PLC
23 March 2021
23 March 2021
LOOPUP GROUP PLC
Date Change for Results
LoopUp Group plc (AIM: LOOP), the cloud platform for premium
external communications, announces a delay to its unaudited
preliminary results for the year ended 31 December 2020.
The delay relates to a routine technical review by the Group's
auditor, Grant Thornton, that has not been completed in time for
the preliminary release, regarding the amortisation treatment of
intangible assets from the acquisition of MeetingZone in 2018.
For the avoidance of doubt, this is a non-cash, technical
accounting review and the Group reconfirms in line FY2020 results:
revenue of GBP50.2 million (FY2019: GBP42.5 million); EBITDA of
GBP15.3 million (FY2019: GBP6.4 million); year-end gross cash of
GBP12.1 million (FY2019: GBP3.0 million); and net debt of GBP0.7
million (FY2019: GBP11.5 million).
The Group is working with its auditors to complete the review
and will provide clarity on a revised date for our preliminary
results as soon as possible.
LoopUp Group plc via FTI
Steve Flavell, co-CEO
Panmure Gordon (UK) Limited +44 (0) 20 7886 2500
Dominic Morley / Alina Vaskina (Corporate
Erik Anderson (Corporate Broking)
+44 (0) 20 3727
FTI Consulting, LLP 1000
Matt Dixon / Emma Hall / Jamille Smith /
About LoopUp Group plc:
LoopUp (LSE AIM: LOOP) is a cloud communications platform for
external and specialist communications. The platform combines
internationally-differentiated cloud telephony, business-critical
external remote meetings, and premium managed events and webcasts.
Our customers benefit from a global, fully-managed service, and an
emphasis on security, reliability and simplicity, delivered with
deep domain expertise and caring customer support. We are proud to
be trusted providers to over 5,000 organisations worldwide,
including more than 20 of the world's top-100 law firms. The Group
is headquartered in London, with offices in San Francisco, New
York, Boston, Chicago, Denver, Milton Keynes, Madrid, Berlin,
Malmo, Hong Kong, Barbados and Australia, and is listed on the AIM
market of the London Stock Exchange (LOOP). For further
information, please visit: www.loopup.com.
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(END) Dow Jones Newswires
March 23, 2021 03:00 ET (07:00 GMT)