NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge and learning management systems, has given DirectorsTalk a trading update for the 12 months to 31 December 2016.
Sales revenue for the period is expected to be above US$26M. In addition the Company is anticipating that adjusted EBITDA will be approximately US$2.0M.
On 5 October 2016, the Board of Directors of NetDimensions also announced that it had received an approach which may or may not lead to an offer being made for the entire issued share capital of the Company. The Board is in advanced discussions with interested parties and further announcements will be made in due course.
Jay Shaw, Chief Executive Officer of NetDimensions, said: “In 2013 we stated that we would invest heavily to grow revenues whilst operating at a loss in order to build up a substantially larger business capable of generating a sustainable profit. It is therefore pleasing to have nearly doubled revenues since 2012 and to be able to report a substantial adjusted EBITDA profit in 2016.”