IQGeo Group Plc's (LON:IQG) Richard Petti discusses with Proactive London's Andrew Scott its trading update for the six months to June 2020. He's expecting first half year-on-year growth in product orders of more than 100% and revenue for the period to exceed £4mln. Petti says their strategy of converting the business to a recurring revenue model is going well with 90% of new software orders taken as subscriptions. Cash at the end of June's expected to be around £11.2mln.
IQGeo looking to become cash-generative 'very soon' as it continues to grow order book
Quick facts: IQGeo Group Plc
Price: 77.5 GBX
Market Cap: £38.44 m
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