Toumaz Limited announced financial guidance for the year 2016. The company expects to report an improved financial performance for Fiscal Year 2016, achieving a positive Group EBITDA on a continuing basis, ahead of current market expectations. Revenue for the financial year is expected to be approximately £32 million and underlying EBITDA is anticipated to be £0.7 million as compared to comparative EBITDA loss of £0.8 million for fiscal year 2015, which is ahead of current market expectations. This is due to improved Digital Radio revenue generation, a decrease in R&D expenditure, the sale of the loss-making Healthcare division and foreign exchange tailwinds. The Board expects revenue and underlying EBITDA to improve in 2017, driven by growth in Smart Audio.