Shares in Earthport (EPO) jumped 5 per cent after it gave investors a tantalising peak at its full-year results. Sales at the cross-border payments specialist soared 160 per cent to over £10.7m as it signed up big name customers such as HSBC and Bank of America Merrill Lynch. And even with last November's Baydonhill acquisition excluded, Earthport's revenues rose over 60 per cent.
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It signed 33 new customers in the year to June 30, up from 21 in the previous year. Moreover, 25 customers are currently implementing its technology, giving it a strong revenue pipeline. Broker Panmure Gordon expects pre-tax profits of £0.5m in the coming year, giving EPS of 0.1p, from losses of £6.7m and 1.7p.
