The Isentia Group Ltd (ASX: ISD) share price has been under pressure ever since the former market darling botched an acquisition and admitted competition was rising across its operations. However, some investors are betting on a big turnaround.
This week the media monitoring and data group reported a number of new client wins. These include Australian Federal Government Departments and a number of big private sector players across the Asia Pacific.
According to a press release iSentia has recently signed; Shangri La Hotels and Resorts, BMW and Johnson & Johnson in Vietnam, Petronas and the Selangor State Government in Malaysia.
Ed Harrison, Isentia Chief Executive Officer and Managing Director, said, “These new clients reflect the growing need for media intelligence platforms that span multiple markets while also keeping pace with the changing nature of media. The needs of government and enterprise organisations, are continuing to evolve and Isentia is committed to investing in product innovation to address those needs.”
Over the year to to June 30 2019 Isentia reported an underlying profit of $9.2 million on revenue $122.5 million. For fiscal 2020 it’s guiding investors to expect EBITDA between $20 million to $23 million.
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Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned. The Motley Fool Australia has recommended iSentia Group Ltd. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.