Quartix Holdings plc provided earnings guidance for the year ending December 31, 2018. The company's profit (adjusted EBITDA) is likely to exceed market expectations for the year to 31 December 2018 by between 10% and 15%. This is largely as a result of the Group's adoption of IFRS15 (Revenue from Contracts with Customers), which has increased profit and revenue in 2018 as noted in the trading statement on 2 July 2018. The estimate is dependent on the trading results for November and December 2018. Revenue and free cashflow are expected to be slightly ahead of market expectations. The Board believes that consensus market expectations for 2018, prior to this announcement revenue of £24.6 million, adjusted EBITDA of £7.5 million and free cash flow of £5.4 million.