The Group Proxama plc provided earnings guidance for the full year 2016. The company expects to achieve revenues and other income of approximately £2.6 million for the full year compared to £2.9 million in 2015. Revenues in the second half of 2015 were boosted by a substantial "hurdle" payment from US customer within the Digital Payments Division and this will not recur in 2016. At an underlying level the Business has performed well with 16% year on year growth. The Group EBITDA for 2016 is projected at a loss of £3.5 million, a £1.5 million improvement on 2015 showing a 31% year on year improvement. Cash balances at 1 December 2016 stood at £0.7 million.