We've grown our revenues 20% period-over- period, while keeping our cost flat. The result is a reduction in EBITDA loss of £1.9 million. This should be viewed in the context of flat performance in each of the prior two periods.
Today's results are the first that we reported with the full contingent of individuals that make up Tungsten's executive core, since announcing our new strategic plan back in February. I couldn't be more pleased with the manner in which these talented executives have taken ownership over their areas of responsibility and begun to deliver.
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