NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to provide a quarterly trading update for the three months ending March 31, 2016 (“Q1”) of the current financial year ending 31 December 2016.
Revenue and invoiced sales for Q1 were both in line with management’s expectations. Furthermore, adjusted EBITDA loss for Q1 was substantially improved on the loss in the comparable period for the previous year. In addition, the Company generated US$1.7M of cash from operating activities in Q1.
Jay Shaw, Chief Executive Officer of NetDimensions, said: “I am pleased with the performance of the Company in the first three months of this financial year. In particular the better adjusted EBITDA loss and strong operating cash flows in Q1 demonstrate that the Company is making good progress in 2016.”