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Clever forecasts FY10 ebitda of up to $2.2m

Clever forecasts FY10 ebitda of up to $2.2m

Clever Communications (ASX:CVA) has announced an FY10 ebitda outlook of between $2.1 million and $2.2 million.

This forecast compares to an ebitda of $15 million for FY09, Clever said.

The company expects to have earned around $1.6 million for the first nine months of the year.

Clever added that it expects to become debt free in May, and holds cash deposits of around $2.6 million.

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