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Prices & Quotes - UK Markets - 7Digital Group (7DIG)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 0.48p
Change Today:
-0.025p
Market Cap:
12.93m
Sector:
Media

7digital signs contracts with new and existing customers

By Iain Gilbert

Date: Monday 25 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Digital music solutions firm 7digital said on Monday that it had signed contracts with new and existing customers worth a total of 1.0m over the term of the contracts.
7digital, which has secured over 700,000 of contracts within the last month, stated it had won three new clients and secured four contract expansions and extensions, including ones within its key markets of music streaming and home fitness.

The AIM-listed firm said its three new customers had been secured on long-term contracts, all of which had an initial term of 24 months, while the four contract extensions included the expansion of contract periods as well as the provision of additional services.

7digital highlighted that the majority of the contracts' total value was set to be recognised in 2022.

Chief executive Paul Langworthy said: "These new and renewed contracts reflect the continued growth in demand for our music services including in our target segment of home fitness.

"It is also pleasing that we are receiving more-and-more long-term contracts, which enhances our visibility over future revenues. With our new financing in place, we continue to strengthen our fundamentals and look to the future with confidence."

As of 1050 BST, 7digital shares were down 1.90% at 0.52p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

7Digital Group Market Data

Currency UK Pounds
Price 0.48p
Change Today -0.025p
52 Week High 1.73p
52 Week Low 0.45p
Volume 3,106,928
Shares Issued 2,722.09m
Market Cap 12.93m

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What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
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7Digital Group Dividends

No dividends found

Trades for 21-Jan-2022

Time Volume / Share Price
15:02 1,800,000 @ 0.50p
14:45 15,000 @ 0.47p
13:52 130,000 @ 0.50p
11:58 120,240 @ 0.50p
11:01 120 @ 0.47p

7Digital Group Key Personnel

CEO Paul Langworthy
Finance Director Michael Juskiewicz