Pureprofile says earnings have turned negative but the turnaround is working

By Chris Pash | 14 August 2019

Martech Pureprofile reported strong growth in its core data and insights business but weak earnings overall and a heavier debt burden.

In a trading update prior to its full year announcement, the company says data and insights revenue up 14% to $18.4 million, and its media business revenue 3% higher at $6.1 million.

It says full year overall revenue, including discontinued businesses, is $38.4 million, down from $52.4 the year before.

EBITDA (earnings before interest, tax, depreciation and amortisation) was a negative $0.6 million. 

The company is exploring ways to restructure debt which at the end of June was $16.5 million. Debt of $3 million raised in February with an existing lender, along with a $2.6 million bridging short-term loan in June

CEO Nic Jones says it's been a challenging year.

"But we are happy with the performance and growth of our core business units," he says.

"Having sold the non-performing businesses Pureprofile is a much stronger company.

"We are confident in the continuing success of our turnaround and look forward to the year ahead."

The company is due to release full year results towards the end of August.

The numbers released today:

pureprofile

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