This morning iSentia Group Ltd (ASX: ISD) reported its half-year results for the period ending December 31 2018. Below is a summary of the results with comparisons to the prior corresponding half year.
- Revenue of $62.2m, down 12.2%
- Net loss after tax of $22m
- EBITDA loss of $12.8m
- Underlying EBITDA (backing out impairments, "one-off" losses, etc) of $11m, down 29.8%
- Net debt of $41.1m, down from $43.1m at 30 June 2018
- Maintained guidance for full year revenue of low-t0-mid $120m and EBITDA of low-to-mid $20m
The iSentia share price is down 20% to 26 cents in response to another mixed result and the stock is now down around 79% over another tough year.
Management's turnaround plans include cutting costs and "scaling" its Asian business in order to send it to sustainable profit growth. Plans are all well and good, but it'll be delivering on them that counts and iSentia's debt load is another factor for investors to keep a keen eye on.
