Report

Update: Delays to 'take-off'

Pre-launch preparation has taken longer than anticipated at Outsourcery’s strategic partners and consequently the pipeline build into large enterprises has slipped. We revise forecasts and now expect EBITDA break-even in FY16, which leaves a funding requirement of up to £5m; this is reflected in the EV/sales rating of 1.0x. Management is reviewing financing options and plans to update investors later in July.
Underlying
OUTFRONT Media Inc.

OUTFRONT Media is a real estate investment trust that provides advertising space on out-of-home advertising structures and sites in the U.S. and Canada. The company's inventory consists of billboard displays, which are mainly located on the heavily traveled highways and roadways, and transit advertising displays operated under multi-year contracts with municipalities in cities across the U.S. and Canada. The company had displays in markets in the U.S. and Canada. The company's portfolio includes sites such as the Bay Bridge in San Francisco, various locations along Sunset Boulevard in Los Angeles, and sites in and around both Grand Central Station and Times Square in New York.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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