Aferian plc (GB:AFRN) has released an update.
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Aferian plc, a B2B video streaming solutions provider, anticipates its full-year revenue and adjusted EBITDA to be at the lower end of prior forecasts, with net debt rising due to seasonal trends and further restructuring needed in its Amino division. Despite good progress in its 24i business and ongoing cost reduction efforts, Aferian no longer expects its FY2024 EBITDA to surpass FY2023 levels, and is negotiating a banking facility maturity extension. The company plans to release its audited full-year results for 2023 in May 2024.
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