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Connxion expects ebitda loss of $3m in FY10

Connxion expects ebitda loss of $3m in FY10

Data and transaction services provider Connxion Ventures (ASX:CXN) has confirmed its FY10 guidance of an ebitda loss of $3 million in FY09.

Revenue is expected to be $11 million, an 182% increase on FY09 revenue of $3.9 million.

The company said it had a positive ebitda for the past two quarters of FY10 thanks to improvement in its basic operational structure, and expects to continue this run into FY11.

Connxion is forecasting an FY11 ebitda of $4 million, and revenue of $38 million.

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