Escher Group - Trading update guides adjusted EBITDA to $2.8m for 2017

Davy Research
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Escher’s trading update this morning, highlighting that revenue and adjusted EBITDA will be marginally higher than previously guided in November 2017, is welcome. For the year ahead, we await traction on the company’s licensing platform (partnership or M&A), which can add a growth dynamic to the revenue base in time, and progress on delayed postal software signings.