Mind Gym shares ticked up on Monday after the company released a positive trading update.
The company said that it expects revenue for the full year to be 14% higher than the year before, totalling $42.1 million.
Mind Gym said that it also expects adjusted profit before tax to be ahead of the previous year and in line with expectations.
In addition, cash generation proved strong, with improvements in working capital management during the second half of the year.
Mind Gym said it expects a cash balance at the end of the year to be £8.3 million.
The group is set to report its full-year results between 31 March and the 25th of June of this year.
Octavius Black, Chief Executive Officer of Mind Gym, commented:
“We are pleased with the Group’s overall performance in our first financial year as a listed business. Mind Gym has a distinctive proposition with proven impact which is recognised by many of the world’s largest companies. Behavioural issues remain high on the business agenda and the continued improvement in our client feedback scores gives us confidence in the continued strong demand for our products and solutions.
“We look forward to updating our stakeholders further on our performance and prospects when we announce our full year results in June.”
The AIM-lised firm provides human capital and business improvement solutions to companies.
Shares in Mind Gym (LON:MIND) are currently +8.64% as of 12:39AM (GMT).
