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GiG Software: revenue falls, shares drop around 18%

GiG Software reported a 5.4% decline in revenue in the second quarter to EUR 8.8 million, while underlying recurring revenues rose by 14%. Adjusted EBITDA was EUR 0.8 million (margin 9%) and cash fell to EUR 3.5 million, prompting a share price drop of about 17.7%. Management announced cost cuts of over EUR 10 million and aims to bring the standalone business to positive cash flow by the end of 2026; the acquisition of 888AFRICA is expected to close by the end of September 2026. » More on de.investing.com