Mind Gym Plc (GB:MIND) has released an update.
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Mind Gym plc has reported a robust second half for FY24 with a 15% revenue increase to £24.0m and an underlying EBITDA of £3.8m, recovering from a £4.1m loss in the first half, owing to a strategic cost reduction plan that saved £11.0m annually. The company expects a modest full-year adjusted EBITDA loss but enters FY25 with improved liquidity and a stronger financial stance. Newly appointed CEO Christoffer Ellehuus is set to advance the company’s strategy amidst a cautious client spending environment.
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