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 2015.
Sales revenue and invoiced sales for the period are expected to be ahead of the prior year with GAAP revenue for 2015 of approximately US$25M. In addition the Company’s operating cost base is lower than in 2014 so it is anticipated that the adjusted EBITDA loss will be better than current market expectations.
Jay Shaw, Chief Executive Officer of NetDimensions, said: “We have continued to see growth in our client base, particularly in our targeted area of high consequence industries, and are pleased to report trading for 2015 is in line with market expectations.”