Shares of Edinburgh-based video security company IndigoVision rose 10% on Thursday after it said in a trading update its sales rose 8% to $24.1 million in the six months ended June 30, 2019.
“As a result, the company expects to report positive earnings before interest, tax, depreciation and amortisation (EBITDA) and an operating profit for the first half of the calendar year, for the first time since 2014 …” added the company.
Net cash in hand at June 30, 2019, was $2.7 million.
According to its website, IndigoVision’s biggest shareholder with 27.48% of shares is Swiss investment fund New Pistoia Income Limited.
IndigoVision has sales and support teams in 24 countries with its headquarters in Edinburgh and regional offices in New Jersey, Toronto, Dubai and Sao Paulo.