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LoopUp Group PLC

LoopUp beating expectations in 2016

Conference call technology firm LoopUp Group PLC (LON:LOOP), which floated on Aim in August, said underlying earnings, or EBITDA, more than doubled in 2016 to £2.1mln from £1.0mln.

Total revenue rose 34% to £13.6mln from £10.1mln the year before, while revenue from the core LoopUp product and associated add-ons jumped 39% to £12.8mln from £9.2mlm.

Co-CEO Steve Flavell tells Proactive: ''We offer a premium experience for people who do lots of these remote meetings in their daily life and I think the differentiation is showing through in how our market share is increasing''.

Quick facts: LoopUp Group PLC

Price: £0.62

Market: AIM
Market Cap: £33.98 m
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LoopUp enjoying strong start to second half with major new contract wins

Steve Flavell, co-chief executive of LoopUp Group PLC (LON:LOOP) caught up with Proactive to discuss the remote meetings technology firm's first half results. The AIM-quoted company saw underlying earnings (EBITDA) almost double to £1.6mln (H1 2016: £0.9mln), thanks in part to an improved...

on 6/9/17

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